USOil Technical Analysis :Today’s oil price, in the global oil market, is trading at $73.00 per barrel. According to technical analysis, the current trend indicates a weak upward trend with prices trading above the moving average intersections, and the MACD indicator shows a weak positive trend
Accordingly, you can sell while waiting for the price to drop to $72.18, and we will target $70.99 per barrel as a target to take profits. To ensure risk control, it is recommended to place a stop loss point at the $74.50 per barrel area.
USOIL Technical Analysis: On the other hand,
if the selling zone at $74.50 per barrel is broken, the additional resistance level at $75.42 per barrel can be targeted.
USOIL Technical Analysis: Resistance and support levels
- Second resistance: 73.82
- First resistance: 73.65
- Pivot level: 73.20
- First support: 72.75
- Second support: 72.48
