USOIL 28th January 2025 Daily Analysis Based on Main Key Levels 🛢️

Daily Current Market Price (DCMP): 73.69

Key Levels Summary 🔑

Below DCMP (Supports):

Immediate Support: 73.13 (Critical Demand Zone)

Strong Support: 72.49 (BUY/Support1)

Swing Low: 72.87 (4H/Daily Base)

Above DCMP (Resistances):

Immediate Resistance: 74.02 (Key Weekly Level)

Strong Resistance: 75.18 (SELL/Resistance2)

Swing High: 80.73 (Recent Price Ceiling)

Trade Ideas 💡

Intraday Buy Setup

Entry Price: 🎯 73.13 (Weekly Support Zone)

Stop Loss: 🛑 72.49 (Below BUY/Support1)

Take Profit 1: ✅ 73.52 (Daily Pivot)

Take Profit 2: ✅ 74.02 (Immediate Resistance)

Rationale: Price retesting support aligns with Fibonacci 38.2% retracement. MACD shows potential bullish momentum reversal.

Intraday Sell Setup

Entry Price: 🎯 74.02 (Weekly Resistance Zone)

Stop Loss: 🛑 76.21 (Above SELL/Resistance3)

Take Profit 1: ✅ 73.52 (Daily Pivot)

Take Profit 2: ✅ 72.49 (BUY/Support1)

Rationale: Rejection at resistance coincides with RSI (52.4) neutrality and bearish divergence on 4H charts.

Technical Analysis Snapshot 📊

Fibonacci: 74.02 aligns with the 61.8% retracement level, acting as strong resistance.

RSI: Neutral at 52.4, indicating consolidation.

MACD: Histogram near zero, signaling indecision with slight bearish bias.

Price Action: USOIL trades between 73.13 (support) and 74.02 (resistance).

Final Thoughts 💬

USOIL remains range-bound, with 73.13 as a key intraday buy zone and 74.02 as a sell trigger. Watch for breakout confirmation above 75.18 or breakdown below 72.49.