USOil Technical Analysis :Today’s oil price, in the global oil market, is trading at $69.48 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 $70.25, and we will target $71.13 per barrel as a target to take profits. To ensure risk control, it is recommended to place a stop loss point at $68.22 per barrel.
USOIL Technical Analysis: On the other hand,
if the selling zone at 68.22 per barrel is broken, the additional resistance level at $67.55 per barrel can be targeted.
USOIL Technical Analysis: Resistance and Support Levels
- Second Resistance: 69.98
- First Resistance: 69.76
- Pivot Level: 69.60
- First Support: 69.38
- Second Support: 69.22
