
US Crude Oil CFD forum
๏ปฟ
Short squeeze target 64.00-64.30โ ๏ธโ ๏ธ

Idea: The price fluctuation range ofโฆ

USOIL Daily Analysis Based on Main Key Levels โ 28 April 2025
Daily Current Market Price (DCMP): 63.48 ๐น
Swing High (Daily/4H): 72.77 | Swing Low (Daily/4H): 61.55
Critical Price Zones
Above DCMP (Resistance)
R1: 63.71 ๐ฉ | R2: 64.29 ๐ฉ | R3: 64.43 ๐ฉ
Below DCMP (Support)
S1: 62.19 ๐ก๏ธ | S2: 61.83 ๐ก๏ธ | S3: 61.25 ๐ก๏ธ
Technical Landscape
Fibonacci Confluence: Strong support cluster at 61.55โ62.19 (50% retracement zone from recent swing low).
RSI (14): Neutral at 52.1, with bullish momentum building on 4H chart.
MACD: Bullish crossover confirmed, signaling potential upward acceleration.
Intraday Trade Setups
Buy Opportunity ๐ข
Entry: 63.17 (weekly pivot support)
Stop Loss: 61.92 ๐ด
Take Profit 1: 64.29 ๐ก
Take Profit 2: 64.43 ๐น
Rationale: Price rebounds from Fib-aligned support with bullish MACD alignment. Upside targets align with key resistance zones.
Sell Opportunity ๐ด
Entry: 64.43 (weekly pivot resistance)
Stop Loss: 66.46 ๐ด
Take Profit 1: 63.71 ๐ก
Take Profit 2: 62.77 ๐ก๏ธ
Rationale: Rejection at swing high resistance coincides with overextended price action. Downside targets align with Fib support cluster.
Market Outlook
USOIL consolidates near 63.48 with three decisive scenarios:
Idea: Bullish on USOIL
Idea: USIOL: Trading Strategy for Neโฆ