⛽ USOIL Daily Analysis Based on Main Key Levels – 16th April 2025

Daily Current Market Price (DCMP): 🏷️ 60.06

Price context: DCMP trades above immediate supports (56.81–61.05) but below critical resistances (60.15–68.87).

📉 Key Levels Breakdown

Resistance/Sell Zones (Above DCMP)

R1: 🚨 60.15 (Price Congestion Zone)

R2: ⚡ 62.58 (Fibonacci 61.8% Resistance)

R3: 🔥 68.87 (Swing High Confluence)

Support/Buy Zones (Below DCMP)

S1: 🛡️ 56.81 (Dynamic Trendline Support)

S2: 🔄 54.76 (Breakdown Floor)

🔍 Technical Analysis Snapshot

Swing Levels:

Swing High: 73.11 (Daily Ceiling)

Swing Low: 68.87 (Daily Floor)

Fibonacci: 50% retracement at 61.47 aligns with consolidation.

RSI: Neutral at 48 (No divergence observed).

MACD: Bearish momentum fading on 4H chart.

💡 Intraday Trade Setups

Intraday Buy Trade

Entry: 🟢 56.81 (Retest of Support Cluster)

Stop Loss: 🔴 54.76 (-2.05 | Below S2)

Take Profit 1: 🟡 60.15 (+3.34 | R1 Target)

Take Profit 2: 🟢 62.58 (+5.77 | R2 Breakout)

Intraday Sell Trade

Entry: 🔴 60.15 (Retest of Resistance Zone)

Stop Loss: 🟢 62.58 (+2.43 | Above R2)

Take Profit 1: 🟡 56.81 (-3.34 | S1 Reversion)

Take Profit 2: 🔴 54.76 (-5.39 | S2 Target)

📈 Critical Technical Drivers

Price Action: Close above 60.15 (R1) signals bullish momentum; breakdown below 56.81 (S1) confirms bearish trend.

MACD Histogram: Declining bearish bars suggest weakening downside pressure.

Fibonacci Alignment: 61.8% resistance at 62.58 creates high-probability reversal zone.