🛢️ USoil 6th March 2025 Daily Analysis: Critical Technical Thresholds

Current Market Price (DCMP):

66.70

Recent Swing High: 73.11 | Recent Swing Low: 68.39

🔥 Price Structure Breakdown

🔻 Below DCMP (Support Territory)

Immediate Floor: 65.47 (Fib 61.8% Retracement Cluster)

Critical Defense: 64.81 | 63.74

Breakdown Catalyst: 63.00 (2025 Psychological Level)

🔺 Above DCMP (Resistance Frontier)

First Barrier: 67.01 (Bearish Order Block)

Upper Limit: 69.36 (Year-to-Date High)

🚨 Trade Setup

🔴 Intraday Sell Opportunity

Entry: 🎯 67.01 (Fib 38.2% + Weekly Resistance Confluence)

Stop Loss: 🛑 68.09 (Above Swing Structure)

Take Profit 1: 🚀 66.55 (-0.46 Points)

Take Profit 2: 💥 65.47 (-1.54 Points)

Rationale:

Price aligns with Fibonacci 38.2% extension from swing low 68.39 to high 73.11

Bearish MACD crossover observed at 67.62 resistance zone

📉 Technical Landscape

Fibonacci Framework

38.2% Resistance: 67.01 (Key Reversal Zone)

61.8% Support: 65.47 (Breakdown Catalyst)

Momentum Indicators

RSI: Bearish divergence detected on 4H chart at 67.62 resistance

MACD: Fast line crosses below signal line near 66.70 pivot

🎯 Strategic Outlook

USoil faces tension at 66.70 pivot. Sustained rejection above 67.01 may trigger decline toward 63.74, while breakout above 68.28 could invalidate bearish structure. Monitor EIA inventory data (March 7) for volatility triggers.

⚡ Catalyst Watch: OPEC+ production decisions expected March 12 – supply cuts may disrupt bearish momentum!

Key Technical Elements:

Fibonacci 38.2% resistance aligns with weekly pivot at 67.01

Bullish failure at 68.28 creates bearish order block

RSI divergence hints at weakening upside momentum

MACD histogram contraction signals indecision

Risk Disclaimer: Energy markets exhibit extreme volatility. Use 2:1 risk-reward ratio minimum for all trades.