USOIL Technical Analysis: Uptrend

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

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
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