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Neom Financial Academy

USOIL Daily Analysis Based on Main Key Levels – April 29, 2025

  • Neom
  • Apr 29
  • 1 min read

Daily Current Market Price (DCMP): 61.38


🔍 Key Technical Snapshot


  • Swing High: 72.77

  • Swing Low: 61.55


  • Above DCMP (Resistance): 61.92, 63.16, 63.67

  • Below DCMP (Support): 61.14, 61.01, 60.19



📊 Trade Setups


1️⃣ Intraday Buy Trade


  • Entry: 61.14 (Strong Support Zone)

  • Stop Loss: 60.19 (Support3)

  • Take Profit 1: 61.92

  • Take Profit 2: 61.38 (DCMP Retest)


Rationale: Price tests 38.2% Fibonacci retracement (61.55-72.77) with bullish RSI divergence.


2️⃣ Intraday Sell Trade


  • Entry: 61.92 (Key Resistance Cluster)

  • Stop Loss: 63.16 (Resistance1)

  • Take Profit 1: 61.14

  • Take Profit 2: 60.19


Rationale: Bearish MACD crossover near 61.92-63.16 supply zone.


📉 Technical Indicators


  • Fibonacci Levels: 61.55 (Swing Low) to 72.77 (Swing High) retracement active.

  • RSI: 52 (Neutral with bearish momentum building).

  • MACD: Lines converging near zero, potential trend shift.


💡 Analyst Insight


USOIL oscillates between 61.14-61.92 with DCMP (61.38) as pivot. OPEC+ production risks loom near 61.92 psychological level.

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