🛢️ USOIL Daily Analysis Based on Main Key Levels – March 28, 2025

Current Market Price (CMP): 69.74

🔑 Immediate Price Zones

Above CMP (Resistance/Sell):

Critical Resistance: 70.43 🔴 (Daily Swing High Alignment)

Secondary Resistance: 69.94

Below CMP (Support/Buy):

Key Support: 69.36 🟢 (Weekly Pivot Confluence)

Swing Low Anchor: 66.12

📊 Technical Confluence

Fib Levels:

61.8% Retracement: 69.94 (aligns with daily resistance cluster)

38.2% Support: 69.36 (converges with 4H swing reactions)

Momentum Tools:

RSI: Neutral at 52 (no divergence observed)

MACD: Bearish histogram fading near zero line

Swing Context:

Daily Swing High: 73.11 | 4H Swing High: 70.13

Daily Swing Low: 66.12 | 4H Swing Low: 68.86

⚡ Trade Setups

Intraday Buy Idea

Entry: 69.36 ⚡ (Weekly Pivot + Fib 38.2%)

Stop Loss: 68.86 🚫 (4H Swing Low)

Take Profit 1: 69.74 ✅ (CMP Reclaim)

Take Profit 2: 70.43 🎯 (Daily Resistance Test)

Rationale: Price tests Fib 38.2% support at 69.36 with RSI holding above 50. Bullish reversal likely if MACD crosses above signal line.

🌐 Strategic Outlook

Bullish Catalyst: Close above 70.43 opens path to 73.11 (daily swing high).

Bearish Risk: Breakdown below 69.36 may trigger decline toward 68.86 (4H swing low).

🔍 Key Observations

70.43: Fib 61.8% retracement aligns with daily swing high rejection zone

69.36: High-volume reaction level from past 24 hours

1:3 risk-reward ratio enhances trade viability

Confirm with bullish engulfing patterns at support and 1-hour closing price action.

⚠️ No Intraday Sell Setup: Current resistance levels (70.43) exceed CMP, making sell-side trades inadvisable under today’s criteria.