🛢️ USOIL 28th February 2025 Daily Analysis: Key Price Zones

Current Market Price: 🏷️ 69.67

🎯 Immediate Price Thresholds

Above Price (Resistance):

➤ 70.02 🚨 Breakout Zone

➤ 72.27 | 74.09

Below Price (Support):

➤ 69.33 🛡️ Strategic Base

➤ 68.20 | 67.86

Market Structure:

▶ Recent Swing High: 73.11 (Daily timeframe)

▶ Recent Swing Low: 70.16 (4H timeframe)

⚙️ Technical Framework

Fib Confluence: 69.33 aligns with 78.6% retracement of 70.16-73.11 move

RSI Position: 44.8 (Bearish momentum building)

MACD Status: Histogram below zero line with bearish crossover

Volume Profile: Weak buying interest below 70.00

🎯 Intraday Trade Strategies

1️⃣ Buy Opportunity (Demand Zone)

✅ Entry: 69.33 🔼 Liquidity Pool

🛑 Stop Loss: 68.20 🔻 (-113 pips)

🎯 Take Profit 1: 70.45 🔼 (+112 pips)

🎯 Take Profit 2: 71.60 🔼 (+227 pips)

Confirmation: Requires bullish engulfing pattern on 4H chart.

2️⃣ Sell Opportunity (Supply Zone)

✅ Entry: 70.02 🔽 Order Block

🛑 Stop Loss: 72.27 🔼 (+225 pips)

🎯 Take Profit 1: 68.58 🔽 (-144 pips)

🎯 Take Profit 2: 67.86 🔽 (-216 pips)

Trigger: Bearish divergence on hourly timeframe.

📌 Strategic Insights

USOIL faces critical test at 69.33-70.02 range. Sustained closes below 69.33 may accelerate declines toward 67.86, while reclaiming 70.02 could trigger short-covering toward 72.27. Monitor OPEC+ commentary for volatility catalysts.