📊 USOil 30th January 2025 Daily Analysis Based on Main Key Levels

Daily Current Market Price (DCMP): 72.56

Key Levels:

Below DCMP: Support at 72.47 (BUY Zone)

Above DCMP: Resistance at 73.76 (SELL Zone)

📊 Technical Overview

Swing High: 80.73 (Daily timeframe)

Swing Low: 72.87 (Daily timeframe)

Critical Pivot Zones:

Intraday Buy Trigger: 71.68

Intraday Sell Trigger: 73.13

Fibonacci Retracement: Aligns with key levels, reinforcing reversal potential.

RSI & MACD: RSI hovers near neutrality; MACD shows bearish momentum fading near support.

📈 Intraday Trade Setups

Intraday Buy Trade Idea

Entry: 🎯 71.68 (Key Support Zone)

Stop Loss: 🛑 70.50 (Below Support3)

Take Profit 1: 🚀 73.13 (Immediate Resistance)

Take Profit 2: 🚀 74.02 (Next Resistance)

Rationale: Price retesting strong historical support at 71.68 offers a rebound opportunity.

Intraday Sell Trade Idea

Entry: 🎯 73.13 (Key Resistance Zone)

Stop Loss: 🛑 74.16 (Above Resistance2)

Take Profit 1: 🚀 72.47 (Support1)

Take Profit 2: 🚀 71.68 (Strong Support)

Rationale: Resistance at 73.13 aligns with bearish reversal patterns, ideal for short-term downside.

📉 Key Support & Resistance Levels

Resistance: 73.76 → 74.16 → 74.80

Support: 72.47 → 71.68 → 71.43

💡 Final Insights

USOil consolidates near 72.56, with bears dominating above 73.13 and bulls defending 71.68. Trade setups favor reactive entries at these triggers. Tight risk management is critical amid volatile energy markets.