USOil Technical Analysis Today’s oil price, in the global oil market, is trading at $66.87 per barrel. According to technical analysis, the current trend indicates a downward trend 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 $66.04, and we will target $64.66 per barrel as a target to take profits. To ensure risk control, it is recommended to place a stop loss point at $68.49 per barrel.
USOIL Technical Analysis: On the other hand,
if the buying zone at 68.49 per barrel is broken, the additional resistance level at $69.52 per barrel can be targeted.
USOIL Technical Analysis: Resistance and Support Levels
- Second Resistance: 67.70
- First Resistance: 67.30
- Pivot Level: 67.99
- First Support: 66.48
- Second Support: 66.10
