📊 USOIL 31st December 2024 Daily Analysis Based on Main Key Levels

In this analysis, we provide a comprehensive overview of USOIL as of December 31, 2024. The Daily Current Market Price (DCMP) for USOIL is 71.47. This serves as a critical reference point for identifying trading opportunities.

📉 Key Levels

🛑 Resistance (Above DCMP)

Resistance 1: 70.63

Resistance 2: 71.13

Resistance 3: 71.93

✅ Support (Below DCMP)

Support 1: 70.41

Support 2: 70.09

Support 3: 69.04

📉 Swing Levels

Swing High: 71.38

Swing Low: 68.47

Summary of Analysis

As of the current market price of 71.47, key resistance levels above this price include 71.93 and 71.13. The support levels below this price are 70.41 and 70.09. The swing high is at 71.38, and the swing low is at 68.47.

Suggested Trades

💼 Intraday Buy Trade

Entry Price: ✨ 71.13

Stop Loss: ❌ 70.41

Take Profit 1: 🎯 71.47

Take Profit 2: 🎯 71.93

📌 Reason for Entry

The price is approaching a key support level at 71.13, indicating a favorable buying opportunity based on technical analysis.

💼 Intraday Sell Trade

Entry Price: ✨ 71.93

Stop Loss: ❌ 71.44

Take Profit 1: 🎯 71.47

Take Profit 2: 🎯 70.63

📌 Reason for Entry

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

Conclusion

This analysis provides a concise 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!