📊 USOIL Weekly Analysis Based on Main Key Levels

Current Market Price (DCMP)

The Current Market Price (DCMP) for USOIL is 74.01.

Key Levels

Resistance (Above DCMP)

🛑 Resistance 1: 73.57

🛑 Resistance 2: 74.02

🛑 Resistance 3: 74.75

Support (Below DCMP)

✅ Support 1: 72.12

✅ Support 2: 71.67

✅ Support 3: 70.94

Swing Levels

📈 Swing High: 71.38

📉 Swing Low: 68.47

Summary of Analysis

The current market price of 74.01 indicates that the key resistance levels above this price are 73.57, 74.02, and 74.75, while the support level below is 72.12. The swing high stands at 71.38, and the swing low is at 68.47.

Suggested Trades

📈 Intraday Buy Trade

Entry Price: ✨ 73.57

Stop Loss: ❌ 71.67

Take Profit 1: 🎯 74.02

Take Profit 2: 🎯 74.75

Reason for Entry:

The price is approaching a key support level at 73.57, which presents a favorable buying opportunity based on technical analysis.

📉 Intraday Sell Trade

Entry Price: ✨ 74.75

Stop Loss: ❌ 74.02

Take Profit 1: 🎯 74.01

Take Profit 2: 🎯 73.57

Reason for Entry:

Resistance at 74.75 indicates 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. Happy trading! 🚀