USOil Technical Analysis :Today’s oil price, in the global oil market, is trading at $68.01 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, you can sell while waiting for the price to drop to $67.30, and we will target $66.31 per barrel as a target to take profits. To ensure risk control, it is recommended to place a stop loss point at $69.29 per barrel.
USOIL Technical Analysis: On the other hand,
if the buying zone at 69.29 per barrel is broken, the additional resistance level at $70.20 per barrel can be targeted.
USOIL Technical Analysis: Resistance and Support Levels
- Second Resistance: 68.51
- First Resistance: 68.37
- Pivot Level: 68.27
- First Support: 67.68
- Second Support: 67.50
