💹 USOIL 5th March 2025 Daily Analysis Based on Main Key Levels

Daily Current Market Price (DCMP): 67.66 🔄

USOIL trades above immediate support (67.01) and below critical resistance (68.43).

🔑 Key Technical Levels

🛑 Resistance Zones (Sell Zones)

R3: 69.49 🚨 (Major resistance)

R2: 68.84 🔻 (Secondary resistance)

R1: 68.43 ⚠️ (Short-term resistance)

🟢 Support Zones (Buy Zones)

S1: 67.01 📌 (Critical support)

S2: 66.71 🔼 (Secondary support)

S3: 66.05 🛡️ (Long-term floor)

Swing High: 73.11 | Swing Low: 68.39

📊 Technical Indicators

RSI: Neutral at 48 (no divergence observed).

MACD: Bearish momentum persists near 68.43 resistance.

Fibonacci Levels: 50% retracement aligns with S1 (67.01), marking a potential reversal zone.

💡 Trade Setups

🟢 Intraday Buy Setup

Entry: 67.01 📍 (Critical support)

Stop Loss: 66.05 🚫 (Below S3)

Take Profit 1: 67.66 🎯 (DCMP retest)

Take Profit 2: 68.43 🚀 (Key resistance)

Rationale: Rebound expected at Fib-aligned support (67.01) with oversold RSI conditions.

🔴 Intraday Sell Setup

Entry: 68.09 📍 (Key resistance)

Stop Loss: 68.84 🚫 (Above R2)

Take Profit 1: 67.01 🎯 (Critical support)

Take Profit 2: 66.71 🚀 (Secondary support)

Rationale: Rejection likely at 68.09 resistance amid bearish MACD crossover and RSI neutrality.

📉 Market Outlook

USOIL faces pivotal tests at 67.01 support and 68.43 resistance. A breakdown below 67.01 risks decline to 66.71, while sustained trade above 68.09 could target 68.84.

🔔 Watch: Price reaction at DCMP (67.66) for intraday bias confirmation.

📌 Summary

Key Supports: 67.01 → 66.71 → 66.05

Key Resistances: 68.43 → 68.84 → 69.49

Swing Levels: High at 73.11 | Low at 68.39

Price Bias: Neutral-to-bearish below 68.43.

Trade with strict risk management! 💼⚡