📊 USOIL 27th January 2025 Daily Analysis Based on Main Key Levels

Current Market Overview

The current Daily Current Market Price (DCMP) for USOIL is 74.15. This analysis highlights key resistance and support levels, along with actionable trade setups based on technical and fundamental analysis.

Key Levels Summary

Resistance Levels Above DCMP (74.15)

🔺 Resistance 1: 75.46

🔺 Resistance 2: 76.91

🔺 Resistance 3: 77.80

Support Levels Below DCMP (74.15)

🟢 Support 1: 74.02

🟢 Support 2: 73.13

🟢 Support 3: 71.68

Swing Levels

📊 Swing High: 80.73

📊 Swing Low: 72.87

Trade Setups

💼 Intraday Buy Trade Setup

Entry Price: ✨ 74.02

Stop Loss: ❌ 73.80

Take Profit 1: 🎯 74.50

Take Profit 2: 🎯 74.80

Reason for Entry:

The support level at 74.02 is below the DCMP, establishing a strong buying zone. This level aligns with significant technical support, indicating potential for upward movement.

💼 Intraday Sell Trade Setup

Entry Price: ✨ 75.46

Stop Loss: ❌ 75.70

Take Profit 1: 🎯 75.00

Take Profit 2: 🎯 74.80

Reason for Entry:

The resistance level at 75.46 is above the DCMP, indicating a strong selling zone. This level coincides with key technical resistance, suggesting potential for downward movement.

Analysis Summary

Resistance and Support Levels: Key levels derived from technical analysis indicate potential reversal zones. Resistance levels are identified at 75.46, 76.91, and 77.80, while support levels are at 74.02, 73.13, and 71.68.

Pivot Levels: The identified pivot level at 75.46 serves as a critical point for potential price reversals.

Fibonacci Levels: The identified support and resistance zones highlight significant retracement and extension levels, providing potential entry points for trades.

RSI Divergence: RSI suggests potential overbought conditions at resistance levels and oversold conditions at support levels, confirming possible reversals.

MACD Crossing: MACD indicates bullish momentum at support levels and bearish momentum at resistance levels, providing additional confirmation for trade setups.

Conclusion

This analysis provides actionable trade setups and key levels to assist traders in making informed decisions in the USOIL market. With the current market price at 74.15, traders can utilize the outlined resistance and support levels, along with technical indicators, to execute trades confidently.