⛽📆 USOIL Daily Analysis Based on Main Key Levels – 24 April 2025

Current Market Price: 🎯 62.45

🎯 Critical Price Zones

Above Price (Resistance)

🔴 R3: 66.83 | R2: 65.20 | R1: 64.20

Below Price (Support)

🟢 S1: 60.95 | S2: 59.94 | S3: 58.32

Swing Extremes:

🔼 Swing High: 72.77 | 🔽 Swing Low: 59.90

📊 Technical Landscape

• RSI: Bearish divergence developing on 4H charts at 67.8

• MACD: Signal line hovering near zero axis with fading bullish momentum

• Price Action: Testing 62.00-62.50 consolidation range

💡 Intraday Trade Opportunities

Trade Idea 1: Intraday Buy

• Entry: 🎯 60.95 (Strategic Support Cluster)

• Stop Loss: 🚫 59.58 (Below Key Support)

• Take Profit 1: ✅ 62.87 (Immediate Resistance)

• Take Profit 2: ✅ 64.90 (Upper Resistance Band)

Rationale:

• Aligns with 61.8% Fibonacci retracement from 59.90 swing low

• Bullish engulfing pattern observed on 4H timeframe

Trade Idea 2: Intraday Sell

• Entry: 🎯 62.57 (Pivot Resistance Zone)

• Stop Loss: 🚫 64.12 (Above R1)

• Take Profit 1: ✅ 61.61 (Immediate Support)

• Take Profit 2: ✅ 59.90 (Major Swing Low)

Rationale:

• Price rejection at 62.50 aligns with descending trendline resistance

• Bearish MACD histogram contraction near 0.25

📉 Fibonacci Framework (4H)

• 50% Retracement: 61.50 acts as immediate support

• 161.8% Extension: 65.00 becomes viable if bullish momentum accelerates

⚠️ Risk Parameters

• Maintain 1:3 risk-reward ratio for all positions

• Monitor EIA Crude Inventory data at 14:30 GMT

• Avoid trading during OPEC+ press briefings (16:00 GMT)