USOil Technical Analysis Today’s oil price, in the global oil market, is trading at $77.81 per barrel. According to the 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 $78.47, and we will target $79.48 per barrel as a target to take profits. To ensure risk control, it is recommended to place a stop loss at $76.15 per barrel.
USOIL Technical Analysis: On the other hand
In case of breaking the buy zone at $76.15 per barrel, the additional support level at $75.33 per barrel can be targeted.

USOIL Technical Analysis: Resistance and Support Levels
- Second Resistance: 78.30
- First Resistance: 78.03
- Pivot Level: 77.79
- First Support: 77.62
- Second Support: 77.38