📊 USOIL 30th December 2024 Daily Analysis Based on Main Key Levels

In this blog post, we provide a comprehensive analysis of the USOIL market as of December 30, 2024. This analysis is essential for traders looking to make informed decisions based on current market conditions.

📍 Daily Current Market Price (DCMP)

The current market price for USOIL is 70.64. This serves as a crucial reference point for identifying trading opportunities.

📉 Key Levels

🛑 Resistance (Above DCMP)

Resistance 1: 70.63

Resistance 2: 71.13

Resistance 3: 71.93

✅ Support (Below DCMP)

Support 1: 69.84

Support 2: 69.04

Support 3: 68.54

📉 Swing Levels

Swing High: 71.38

Swing Low: 68.47

Summary of Analysis

As of the current market price of 70.64, key resistance levels above this price include 70.63, 71.13, and 71.93. The support levels below this price are 69.84, 69.04, and 68.54. Additionally, the swing high is at 71.38, and the swing low is at 68.47.

Suggested Trades

💼 Intraday Buy Trade

Entry Price: ✨ 69.84

Stop Loss: ❌ 69.04

Take Profit 1: 🎯 70.64

Take Profit 2: 🎯 71.13

📌 Reason for Entry

The price is approaching a key support level at 69.84, indicating a favorable buying opportunity based on technical analysis.

💼 Intraday Sell Trade

Entry Price: ✨ 71.13

Stop Loss: ❌ 71.93

Take Profit 1: 🎯 70.64

Take Profit 2: 🎯 71.38

📌 Reason for Entry

Resistance at 71.13 suggests a potential selling opportunity, with targets set below this level.

Conclusion

This analysis provides a concise overview of key levels and trade opportunities for USOIL. By monitoring these levels, traders can make informed decisions in the current market environment. Stay tuned for more insights and happy trading!