🛢️USOIL 3rd March 2025 Daily Analysis Based on Main Key Levels

Daily Current Market Price (DCMP):

69.76

Immediate support below | Critical resistance above

🔑 Critical Price Zones

Support (Below 69.76):

✅ 68.76 (Weekly Pivot Support)

✅ 68.09 (Fibonacci 61.8% Retracement)

✅ 67.01 (Structural Swing Low)

Resistance (Above 69.76):

⛔️ 69.84 (Weekly Pivot Resistance)

⛔️ 70.92 (4H Chart Supply Zone)

⛔️ 72.67 (Key Swing High)

Swing Levels:

↗️ Swing High: 73.11

↘️ Swing Low: 68.39

📉📈 Technical Snapshot

Fibonacci Framework:

Price consolidates between 68.39 (61.8% retracement) and 73.11 (38.2% extension)

RSI: 49 (Neutral) – Bearish divergence emerging on 4H charts

MACD: Histogram below zero line → Bearish momentum dominance

💡 Intraday Trade Setups

🟢 Intraday Buy Trade Idea

📍 Entry: 68.76 (Confluence of Weekly Support & Fib Level)

🛑 Stop Loss: 68.09 (-0.67 points)

🎯 Take Profit 1: 69.76 (+1.00 point)

🎯 Take Profit 2: 69.84 (+1.08 points)

Trigger: Bullish engulfing candle + MACD baseline crossover

🔴 Intraday Sell Trade Idea

📍 Entry: 69.84 (Weekly Pivot Resistance)

🛑 Stop Loss: 70.45 (+0.61 points)

🎯 Take Profit 1: 68.76 (-1.08 points)

🎯 Take Profit 2: 68.09 (-1.75 points)

Trigger: Bearish rejection at 200EMA + RSI reversal from 55

🧠 Key Market Drivers

Technical Catalyst: 100EMA at 69.78 acting as dynamic pivot

Fundamental Watch: OPEC+ production policy rumors

Volatility Signal: 4H Bollinger Band width at 2.1% (Low volatility regime)

📌 Analyst Notes

Breakout Scenario: Sustained close above 70.92 may trigger rally toward 72.67

Risk Zone: 67.01-68.09 support cluster critical for bearish targets

Position Sizing: Reduce exposure ahead of EIA inventory data release

Disclaimer: Technical patterns require confirmation via volume spikes for high-probability execution. 💹🔎