USOIL Technical Analysis The price of oil today, in the global oil market, is trading at $66.96 per barrel. According to technical analysis, the current trend indicates a downward trend with prices trading below the moving average crossovers, and the MACD indicator indicates a negative trend.
Accordingly, we can sell while waiting for the price to drop to $66.15, and we will target $65.03 per barrel as a profit-taking target. To ensure risk control, it is recommended to place a stop-loss point at $68.23 per barrel.
USOIL Technical Analysis: On the other hand,
if the buy zone at $68.23 per barrel is broken, an additional resistance level at $69.17 per barrel could be targeted.
USOIL Technical Analysis: Resistance and Support Levels
- Second Resistance: 67.46
- First Resistance: 67.24
- Pivot Level: 67.09
- First Support: 66.87
- Second Support: 66.72
