🛢️ USOIL Daily Analysis Based on Main Key Levels – April 3, 2025

Daily Current Market Price (DCMP): 69.49 🔄

🗝️ Key Levels Summary

Below DCMP (Support)

Immediate Support: 69.04 📍

Strong Support Cluster: 68.21–67.69 🛑

Swing Low (Daily/4H): 66.12 ⚠️

Above DCMP (Resistance)

Near-Term Resistance: 69.88 📍

Strong Resistance Zone: 70.40–71.23 🛑

Swing High (Daily): 73.11 ⚠️

🔍 Technical Analysis

1️⃣ Fibonacci Zones:

38.2% retracement aligns with swing low at 66.12.

61.8% extension resistance cluster at 70.40–71.23.

2️⃣ Momentum Indicators:

RSI: Neutral at 48, hinting at consolidation near DCMP (69.49).

MACD: Bearish histogram fading; potential bullish crossover above 69.88.

💡 Trade Setup

✅ Intraday Buy Trade

Entry: 69.04 📍

Stop Loss: 68.21 🛑

Take Profit 1: 70.40 🎯

Take Profit 2: 71.23 🎯

Rationale:

DCMP (69.49) holds above Fib support (69.04). Weakening bearish momentum supports upside toward 70.40–71.23 resistance.

❌ Intraday Sell Trade

Entry: 69.88 📍

Stop Loss: 70.40 🛑

Take Profit 1: 68.21 🎯

Take Profit 2: 66.85 🎯

Rationale:

Strong resistance at 69.88 aligns with Fib extension. Bearish reversal below DCMP targets 68.21–66.85 support zone.

📉 Critical Observations

Validate trades with 4-hour closes above/below 69.49.

Adjust stops to breakeven if price reaches TP1.

🔔 Disclaimer: Analysis reflects technical patterns. Verify with inventory/COT data for confirmation.

✨ SEO Insight: Tactical USOIL strategy with Fib-based entries. Bookmark for energy market updates!