USOil Technical Analysis Today’s oil price, in the global oil market, is trading at $72.94 per barrel. According to technical analysis, the current trend indicates a downtrend 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 $72.24, and we will target $71.35 per barrel as a target to take profits. To ensure risk control, it is recommended to place a stop loss at $73.87 per barrel
USOIL Technical Analysis: On the other hand
In case of breaking the buy zone at $73.87 per barrel, the additional support level at $74.49 per barrel can be targeted.

USOIL Technical Analysis: Resistance and support levels
- Second resistance: 73.60
- First resistance: 73.35
- Pivot level: 73.19
- First support: 72.78
- Second support: 72.53