USOIL Technical Analysis:Today’s oil price in the global oil market is trading at $67.34 per barrel. According to technical analysis, the current trend indicates a downward trend with prices trading above the moving average crossovers, and the MACD indicator indicates a negative trend.
Accordingly, we can sell while waiting for the price to drop to $66.51, and we will target $65.56 per barrel as a profit-taking target. To ensure risk control, it is recommended to place a stop-loss point at $68.54 per barrel.
USOIL Technical Analysis: On the other hand,
if the buy zone at $68.54 per barrel is broken, an additional resistance level at $69.36 per barrel could be targeted.
USOIL Technical Analysis: Resistance and Support Levels
- Second Resistance: 67.58
- First Resistance: 67.42
- Pivot Level: 67.29
- First Support: 67.13
- Second Support: 67.00
