USOil Technical Analysis The price of oil today, in the global oil market trading at a price of $ 73.03 a barrel. According to technical analysis, the current trend refers to a rising trend with price trading over the intermediate interventions.
as the MACD index appears to the appearance of a positive direction
Accordingly, it is possible to purchase waiting for the price to rise to 73.68 and we will target $ 74.80 a barrel as a goal to make profit. To ensure risk control, it is advised to put a stop loss point at a $ 71.81 barrel area.
USOIL Technical Analysis: On the other side
If the sales zone is broken at 71.81 per barrel, the level of additional support can be targeted at $ 71.15 a barrel.
USOIL Technical Analysis: levels of resistance and support
- The second resistance: 73.93
- First Resistance: 73.59
- Polite level: 73.08
- First Support: 72.74
- Second support: 72.23
