⛽ USOIL Daily Analysis based on Main Key Levels - [2025-04-22]

Daily Current Market Price (DCMP): 63.02

🔑 Critical Price Structure

Below DCMP (Support Zone)

• Immediate Support: 62.57 🛡️

• Strong Support: 61.56 → 60.87 (Multi-level zone)

• Swing Low: 59.90 (Daily Timeframe)

Above DCMP (Resistance Zone)

• Immediate Resistance: 64.20 🚀

• Upper Resistance: 65.20 (Key swing high)

• Swing High: 72.77 (Daily Timeframe)

📈 Technical Landscape

• RSI: Neutral at 52 (No divergence detected)

• MACD: Flat near signal line (Neutral momentum)

• Price Action: Testing 63.02 after rejection at 64.20

💡 Trade Setups

1️⃣ Intraday Buy Trade Idea

• Entry: 62.57 🎯 (Confluence support)

• Stop Loss: 61.56 🚫 (Below recent swing low)

• Take Profit 1: 64.20 ✅ (Nearest resistance)

• Take Profit 2: 65.20 ✅ (Major swing level)

2️⃣ Intraday Sell Trade Idea

• Entry: 64.20 🎯 (Resistance retest)

• Stop Loss: 65.20 🚫 (Above swing high)

• Take Profit 1: 62.57 ✅ (Immediate support)

• Take Profit 2: 61.56 ✅ (Stronger support)

🌐 Market Perspective

USOIL consolidates near 63.02 with 62.57-64.20 forming immediate range. Break above 64.20 eyes 65.20, while loss of 62.57 may trigger move toward 61.56.

• Bullish Catalyst: Sustained close above 64.20

• Bearish Risk: Breakdown below 62.57