🛢️ USOIL Daily Analysis Based on Key Levels – April 21, 2025

Current Market Price (DCMP): 🌐 62.80

🔍 Critical Price Zones

Resistance (Above DCMP):

R1: 64.20 🛑 (Immediate Ceiling)

R2: 65.20

R3: 66.83

Support (Below DCMP):

S1: 62.57 🟢 (Strong Floor)

S2: 60.95

S3: 59.94

📊 Technical Snapshot

• Swing High: 72.77

• Swing Low: 59.90

Price consolidating near 3-week highs after breakout

• RSI: 52 (Neutral with bullish bias)

• MACD: Bullish momentum fading on 4H chart

• Fib Levels: 50% retracement at 62.57 aligns with S1

💡 Intraday Trade Setups

1️⃣ Buy Setup

• Entry: 62.57 🟩

• Stop Loss: 61.80 🛑

• Take Profit 1: 64.20 ✅

• Take Profit 2: 65.20 ✅

Trigger: Bullish reversal candlestick at S1

2️⃣ Sell Setup

• Entry: 64.20 🟥

• Stop Loss: 65.00 🛑

• Take Profit 1: 62.57 ✅

• Take Profit 2: 60.95 ✅

Trigger: Bearish rejection at R1 with overbought RSI

🎯 Conclusion

USOIL shows consolidation between 62.57-64.20. Favor buying dips near Fib support and selling rallies at resistance. Monitor EIA data for fundamental triggers.