🛢️USOIL 4th February 2025 Daily Analysis Based on Main Key Levels

Daily Current Market Price (DCMP): 71.99

Price consolidates near $72.00 psychological level, testing pivotal zones

Critical Price Zones 🔍

Below DCMP Support:

✅ 71.66 (Immediate Demand Zone)

✅ 70.10 (Swing Low Anchor)

Above DCMP Resistance:

⛔ 72.40 (Near-Term Supply Zone)

⛔ 80.73 (Swing High Ceiling)

Swing Levels Alert 📌

Swing High: 80.73 (Daily Resistance)

Swing Low: 72.87 (4H Support Base)

Technical Snapshot 📉

Fibonacci Retracement active between 72.87–80.73 range

RSI at 44.8 signals bearish bias but approaching oversold territory

MACD lines below zero, maintaining downward momentum

Trade Setups 💼

Intraday Buy Opportunity 🟢

Entry: 🎯 71.66 (Support Cluster)

Stop Loss: 🚫 70.46 (Below Swing Low)

Take Profit 1: 🏁 72.40 (Immediate Resistance)

Take Profit 2: 🏁 73.61 (Mid-Term Target)

Intraday Sell Opportunity 🔴

Entry: 🎯 72.40 (Resistance Zone)

Stop Loss: 🚫 73.61 (Above Pivot Level)

Take Profit 1: 🏁 71.66 (Core Support)

Take Profit 2: 🏁 70.10 (Swing Low Objective)

Risk Management ⚠️

Maintain 1:3 risk-reward ratio for asymmetric returns

Monitor EIA crude inventory data for volatility triggers

Track USD index (DXY) for inverse correlation cues

Price action remains bearish below $72.40. Sustained break above this level could signal short-term recovery, while failure at 71.66 may accelerate declines toward $70.00.

Liquidity Note: Focus on New York session (13:00–18:00 UTC) for high-volume price action. Geopolitical supply risks may override technical patterns.