📊 USOIL 2nd January 2025 Daily Analysis Based on Main Key Levels

Current Market Price (DCMP)

As of now, the Daily Current Market Price (DCMP) for USOIL is 71.88.

📉 Key Levels

🛑 Resistance (Above DCMP)

Resistance 1: 71.93

Resistance 2: 71.13

Resistance 3: 72.64

✅ Support (Below DCMP)

Support 1: 71.15

Support 2: 70.90

Support 3: 70.48

📉 Swing Levels

Swing High: 71.38

Swing Low: 68.47

📋 Summary of Analysis

The current market price of 71.88 indicates that key resistance levels above this price include 71.93 and 71.13. The support levels below this price are 71.15, 70.90, and 70.48. The swing high stands at 71.38, while the swing low is at 68.47.

💼 Suggested Trades

📈 Intraday Buy Trade

Entry Price: ✨ 71.15

Stop Loss: ❌ 70.90

Take Profit 1: 🎯 71.38

Take Profit 2: 🎯 71.50

📌 Reason for Entry

The price is approaching a key support level at 71.15, presenting a favorable buying opportunity based on technical analysis.

📉 Intraday Sell Trade

Entry Price: ✨ 71.93

Stop Loss: ❌ 72.64

Take Profit 1: 🎯 71.70

Take Profit 2: 🎯 71.50

📌 Reason for Entry

Resistance at 71.93 indicates a potential selling opportunity, with targets set below this level.

📝 Conclusion

This analysis provides a clear overview of key levels and trade opportunities for USOIL. By monitoring these levels, traders can make informed decisions in the current market environment. Stay tuned for more insights and happy trading! 🚀