⛽ USOIL Daily Analysis Based on Main Key Levels - [April 23, 2025]

Daily Current Market Price (DCMP): 64.64

Market Position: Trading above immediate support at 64.20 and below resistance at 65.20

🔑 Critical Technical Levels

Resistance (Above DCMP)

🛑 65.20 - Intraday sell trigger (Weekly pivot resistance)

🛑 66.83 - Macro trendline resistance

🛑 64.50 - Fib 1.618 extension zone

Support (Below DCMP)

🟢 64.20 - High-probability buy zone (38.2% Fib retracement)

🟢 62.91 - Liquidity cluster

🟢 59.90 - Multi-week swing low

Swing Levels

↗️ Swing High: 72.77 (Daily timeframe)

↙️ Swing Low: 59.90 (4H timeframe)

💎 Intraday Trade Setups

Buy Opportunity

• Entry: 64.20 🎯

• Stop Loss: 62.53 🚫

• Take Profit 1: 65.20 ✅

• Take Profit 2: 66.83 ✅

Rationale:

• Confluence of weekly support & Fibonacci retracement

• Bullish RSI divergence on 4H timeframe

• MACD line converging toward signal line

Sell Opportunity

• Entry: 65.20 🎯

• Stop Loss: 66.83 🚫

• Take Profit 1: 64.20 ✅

• Take Profit 2: 62.91 ✅

Rationale:

• Resistance aligns with descending channel upper boundary

• Bearish volume surge near 65.00 level

• Overbought conditions on stochastic oscillator

📊 Technical Landscape

• Fibonacci: 64.20 aligns with 38.2% retracement of 59.90-72.77 swing

• RSI: Neutral at 52.4 with hidden bullish divergence

• MACD: Histogram showing weakening bearish momentum

• Price Action: Ascending triangle pattern below 65.20