USOil Technical Analysis :Today’s oil price, in the global oil market, is trading at $76.53 per barrel. According to technical analysis, the current trend indicates an upward trend with prices trading above the moving average intersections, and the MACD indicator shows a positive trend
Accordingly, you can buy while waiting for the price to rise to $77.27, and we will target $78.40 per barrel as a target to take profits. To ensure risk control, it is recommended to place a stop loss point at $74.82 per barrel.
USOIL Technical Analysis: On the other hand
In case of breaking the selling zone at 74.82 per barrel, the additional resistance level at $73.88 per barrel can be targeted.
USOIL Technical Analysis: Resistance and support levels
- Second resistance: 77.57
- First resistance: 77.31
- Pivot level: 76.96
- First support: 76.35
- Second support: 76.09