.USOIL NEW (M30) ANALYSIS UPDATES

**USOIL M30 Trading Idea (April 16, 2025)**

**Setup Type:** Short (Sell) Setup

**Market Outlook:**
The price is currently trading around **61.76**. Based on the structure and expected movement, the chart indicates a potential bearish reversal after a short-term rally.

**Planned Strategy:**

- **Entry Point:** Around **62.28 - 62.47**
Price is expected to rise into this resistance zone. This area can be used to enter short positions.

- **Target Point:** Around **60.25 - 60.02**
This is the projected support zone where the price may find buying interest again, hence ideal for profit-taking.

**Trade Idea:**
Wait for the price to rise into the resistance zone (entry area). Look for rejection signals or bearish candlestick patterns (like a bearish engulfing, pin bar, or double top) to confirm the short entry. If confirmation appears, enter a **sell position** targeting the lower blue zone as the take-profit area.

**Key Levels:**
- **Resistance Zone (Entry Area):** 62.28 – 62.47
- **Support Zone (Target Area):** 60.25 – 60.02

**Risk Management Tip:**
Place stop-loss just above 62.50 to protect against a breakout above resistance.

EA_Gold_Man

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EA_Gold_Man

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