USOil Technical Analysis Today’s oil price, in the global oil market, is trading at $76.74 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 sell while waiting for the price to rise to $77.58, and we will target $78.47 per barrel as a target to take profits. To ensure risk control, it is recommended to place a stop loss at $75.26 per barrel.
USOIL Technical Analysis: On the other hand
In case of breaking the selling zone at $75.26 per barrel, the additional support level at $74.53 per barrel can be targeted.
USOIL Technical Analysis: Resistance and support levels
- Second resistance: 77.20
- First resistance: 76.95
- Pivot level: 76.59
- First support: 76.34
- Second support: 75.98
