I like using these visuals. My guess from looking at your picture is you are probably in the 8-10% BF range. Especially if you put on oil like the guy in the picture did. Congratulations! Your scales are bioelectrical impedance analysis and could be off by 21-34%. I have observed that the more athletic you are the more it pushes your body fat levels upward. So the answer to your question 8-10% is probably more accurate. I agree with Readalot that skinfold calipers might be much more useful to you, better yet Dexa.
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I did just find this:
The Renpho scale is quite accurate compared to the DEXA body scan with weight off by -1.5%, body fat off by 9.3%, muscle mass off by -3.61%, BMR off by -4.8%, and bone mass off by 2.9%.
"A comparison table demonstrating Renpho scale accuracy versus the dexa body scan.
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Definitely a good machine to track progress as it will show if you are gaining or losing. However, I agree that at this point you need to do either a skin fold analysis or DEXA.