USOIL Technical Analysis Today’s oil price, in the global oil market, is trading at $72.54 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 shows a weak negative trend
Accordingly, you can buy while waiting for the price to rise to 73.10, and we will target $73.83 per barrel as a target to take profits. To ensure risk control, it is recommended to place a stop loss at $71.64 per barrel.
USOIL Technical Analysis: On the other hand
In case of breaking the selling zone at $71.64 per barrel, the additional support level at $71.05 per barrel can be targeted.
USOIL Technical Analysis: Resistance and support levels
- Second resistance: 73.06
- First resistance: 72.65
- Pivot level: 72.43
- First support: 72.02
- Second support: 71.80
