USOil Technical Analysis :Today’s oil price, in the global oil market, is trading at $65.66 per barrel. According to technical analysis, the current trend indicates a downward trend with prices trading below the moving average intersections, and the MACD indicator shows a negative trend
Accordingly, the sale can drop to $65.28 and we will target $64.55 per barrel as a target to take profits. To ensure risk control, it is recommended to place a stop loss at $66.83 per barrel.
USOIL Technical Analysis: On the other hand
In case of breaking the buy zone at $66.83 per barrel, the additional support level at $67.36 per barrel can be targeted.
USOIL Technical Analysis: Resistance and support levels
- Second resistance: 68.68
- First resistance: 67.47
- Pivot level: 66.65
- First support: 65.44
- Second support: 64.62
