💹🔥 USOIL 4th March 2025 Daily Analysis Based on Main Key Levels

Daily Current Market Price (DCMP):

 

67.94

Market Context:

Trading below resistance at 68.20

Holding above support at 66.33

🎯 Critical Technical Levels

Resistance (Sell Zones):

🔥 68.20 (Immediate Barrier) | 🔥 72.27 (Upper Boundary)

Support (Buy Zones):

🛡️ 66.33 (Key Floor) | 🛡️ 67.96 (Strong Base)

Swing Levels:

Recent Swing High: 73.11

Recent Swing Low: 70.16

🔍 Technical Drivers

Price-Fibonacci Alignment:

38.2% Retracement anchors at 66.33 support

23.6% Extension converges with 68.20 resistance

Momentum Indicators:

RSI: Neutral at 49 (no divergence observed)

MACD: Bearish histogram contraction near zero line

💡 Intraday Trade Opportunities

1️⃣ Intraday Sell Setup: Resistance Rejection Strategy

Entry: 🎯 68.20 (Confluence: Weekly Pivot + Fib 23.6%)

Stop Loss: 🚫 69.33 (Above Swing High Retest)

Profit Targets:

✅ TP1: 67.34 (Intermediate Support)

✅ TP2: 66.33 (Downside Target)

📉 Market Sentiment Insight

Price consolidates below 68.20 resistance. Sustained rejection at this level could trigger a drop toward 66.33, while a breakout above 68.20 may target 72.27.

⚠️ Risk Advisory

OPEC+ Meeting Watch: Monitor output policy shifts (March 4)

Position Sizing: Risk ≤1.5% per trade

Confirmation Rule: Wait for 4H closing candle beyond 68.20

Key Trigger: MACD bearish crossover confirmation for trade execution.

Why This Works:

68.20 aligns with weekly pivot resistance and Fib extension

66.33 matches major swing low and Fib retracement level

Neutral RSI allows for directional breakout potential

🔍 Fundamental Catalyst: EIA crude inventory data due Thursday.