USOil Technical Analysis The price of oil today, in the global oil market, is trading at $75.84 per barrel. According to the technical analysis, the current trend indicates an upward trend with prices trading above the moving average intersections, and the MACD indicator also shows a positive trend
Accordingly, it is possible to buy from the rise to the price of 76.35 and we will target $76.94 per barrel as a target to take profits. To ensure risk control, it is recommended to place a stop loss at $75.09 per barrel.
USOil Technical Analysis: On the other hand
In case of breaking the selling zone at $75.09 per barrel, the additional support level at $74.64 per barrel can be targeted.
USOil Technical Analysis: Resistance and support levels
- Second resistance: 77.26
- First resistance: 76.78
- Pivot level: 76.43
- First support: 75.60
- Second support: 75.12
