🏆 USOIL 5th February 2025 Daily Analysis Based on Main Key Levels

Daily Current Market Price (DCMP): 71.61

📊 Key Levels

Above DCMP (Resistance): 72.40 (Intraday Sell Zone)

Below DCMP (Support): 71.66 (Intraday Buy Zone)

Swing High: 80.73 | Swing Low: 72.87

📉 Technical Snapshot

Critical Levels:

Resistance: 72.40 (R1), 74.81 (R2)

Support: 71.66 (S1), 70.46 (S2)

Technical Indicators:

RSI near overbought territory at 72.40 signals potential bearish reversal.

MACD bullish crossover aligns with Fib 38.2% retracement at 71.66.

Fib Levels: Strong resistance at 72.40 (61.8% extension) with price rejection.

💡 Trade Setups

📈 Intraday Buy Trade

Entry Price: 🟢 71.66

Stop Loss: 🔴 70.46

Take Profit 1: 🟡 71.61 (DCMP)

Take Profit 2: 🟠 72.40

Rationale: DCMP consolidates near 71.66 with bullish MACD momentum and Fib confluence.

📉 Intraday Sell Trade

Entry Price: 🔴 72.40

Stop Loss: 🟢 74.81

Take Profit 1: 🟡 71.66

Take Profit 2: 🟠 70.46

Rationale: Resistance at 72.40 (key Fib level) paired with overbought RSI favors downside.

📌 Final Insights

Critical Zones: Monitor 71.66 (bullish defense) and 72.40 (bearish trigger).

Fundamental Catalyst: Geopolitical tensions and OPEC+ supply decisions may drive volatility.