USOil Technical Analysis, in the global oil market, is trading at $77.47 per barrel. According to the technical analysis, the current trend indicates an upward trend with prices trading above the moving average intersections, and the MACD indicator also shows a positive trend
Accordingly, buying can rise to the price of 77.81 and we will target $78.32 per barrel as a target to take profits. To ensure risk control, it is recommended to place a stop loss at $76.65 per barrel.
USOil Technical Analysis: On the other hand
In case of breaking the selling zone at $76.65 per barrel, the additional support level at $76.34 per barrel can be targeted.
USOil Technical Analysis: Resistance and support levels
- Second resistance: 77.10
- First resistance: 76.88
- Pivot level: 76.65
- First support: 76.14
- Second support: 75.90
