USOil Technical Analysis Today’s oil price, in the global oil market, is trading at $76.85 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 77.26 and we will target $77.83 per barrel as a target to take profits. To ensure risk control, it is recommended to place a stop loss at $75.86 per barrel.
USOil Technical Analysis: On the other hand
In case of breaking the selling zone at $75.86 per barrel, the additional support level at $75.42 per barrel can be targeted.
USOil Technical Analysis: Resistance and support levels
- Second resistance: 77.83
- First resistance: 77.51
- Pivot level: 77.27
- First support: 76.71
- Second support: 76.39
