West Texas Intermediate vs US Dollar forum

1 hour ago

surely its time for it go down lol!

1 hour ago

lmao, this commodity is not serious

2 hours ago

Looks like it’s preparing for some sells today… a pullback maybe

2 hours ago

It’s heading towards $82 but might retest $75 first. Who knows

2 hours ago

USOIL 14th January 2025 Daily Analysis Based on Main Key Levels

The Daily Current Market Price (DCMP) of USOIL is 78.86, and the asset is trading within critical support and resistance zones. This analysis integrates Fibonacci retracement, RSI divergence, MACD crossing, and pivot levels to provide accurate and actionable trade setups.

Key Levels Overview

Resistance Levels (Above DCMP):
🔴 Resistance 1: 79.16
🔴 Resistance 2: 79.64
🔴 Resistance 3: 80.41

Support Levels (Below DCMP):
🟢 Support 1: 77.61
🟢 Support 2: 77.13
🟢 Support 3: 76.35

Swing Levels:
Swing High: 71.38
Swing Low: 72.87

Technical Analysis of USOIL

USOIL is currently trading near a key pivot zone, with 78.86 acting as the central price for determining support and resistance levels.

Key Technical Indicators:

Fibonacci Levels: Resistance and support levels are closely aligned with Fibonacci retracement and extension levels, emphasizing their importance for trade setups.

RSI Divergence: RSI indicates neutral momentum, suggesting no immediate overbought or oversold conditions.

MACD Crossing: MACD suggests bearish momentum near resistance levels and potential bullish reversals near support zones.

Trade Setups for USOIL

Intraday Buy Trade Setup

📍 Entry Price: 🟢 78.78
🛡️ Stop Loss: 🛑 77.61
🎯 Take Profit 1: 🟢 79.64
💰 Take Profit 2: 🟢 80.41

This trade setup focuses on the support at 78.78, which aligns with Fibonacci retracement levels and pivot zones. MACD indicates potential bullish momentum near this area, supported by confirmation of the swing low.

Intraday Sell Trade Setup

📍 Entry Price: 🔴 80.67
🛡️ Stop Loss: 🛑 80.41
🎯 Take Profit 1: 🔴 79.64
💰 Take Profit 2: 🔴 78.78

This trade setup highlights the resistance at 80.67, which aligns with Fibonacci extension levels and pivot zones. RSI suggests potential overbought conditions near this level, and MACD supports a bearish outlook.

Summary of Support and Resistance Levels

Resistance Levels (Above DCMP):
Resistance 1: 79.16
Resistance 2: 79.64
Resistance 3: 80.41

Support Levels (Below DCMP):
Support 1: 77.61
Support 2: 77.13
Support 3: 76.35

Swing Levels:
Swing High: 71.38
Swing Low: 72.87

Conclusion
USOIL is trading near pivotal levels, with 78.78 acting as a strong support zone and 80.67 as a critical resistance level. These key levels provide structured trade setups for intraday buying and selling opportunities. By leveraging Fibonacci retracement, RSI divergence, and MACD analysis, traders can refine their strategies and make informed decisions.