USOIL Daily Analysis Based on Main Key Levels - April 17, 2025

📌 Current Market Price (DCMP): 62.28

Key Price Structure

Resistance (Above Price):

🔥 63.48 - Immediate resistance

🔥 65.54 - Strong resistance

🔥 68.87 - Technical sell zone

Support (Below Price):

🛡️ 60.15 - Critical support

🛡️ 56.81 - Next demand zone

🛡️ 51.42 - Swing low

Swing Levels:

↗️ Swing High: 73.11

↘️ Swing Low: 68.87

Trade Setup 1: Intraday Buy

🎯 Entry: 60.15 (Key support)

⚠️ Stop Loss: Below 59.50

💰 Take Profit 1: 62.28

💰 Take Profit 2: 63.48

Technical Confluence:

Bullish RSI divergence forming on 4H chart

61.8% Fibonacci retracement support

Trade Setup 2: Intraday Sell

🎯 Entry: 63.48 (Key resistance)

⚠️ Stop Loss: Above 64.00

💰 Take Profit 1: 62.28

💰 Take Profit 2: 60.15

Technical Confluence:

Bearish MACD crossover on daily timeframe

Price rejection at 78.6% Fibonacci extension

Technical Snapshot

Momentum: RSI at 52 (neutral territory)

Price Action: Testing 62.28 daily pivot

Key Levels: 60.15-63.48 immediate range

Risk Management Notes

🔹 Position sizing ≤ 1% of capital per trade

🔹 Avoid trading during EIA inventory data releases

🔹 Monitor OPEC+ production decisions for fundamental cues