USOil Technical Analysis : Today’s oil price, in the global oil market, is trading at $75.49 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 buy while waiting for the price to rise to $76.12, and we will target $77.09 per barrel as a target to take profits. To ensure risk control, it is recommended to place a stop loss point at $73.90 per barrel.
USOIL Technical Analysis: On the other hand,
if the selling zone at $73.90 per barrel is broken, the additional resistance level at $73.20 per barrel can be targeted.
USOIL Technical Analysis: Resistance and support levels
- Second resistance: 76.33
- First resistance: 76.08
- Pivot level: 75.68
- First support: 75.03
- Second support: 74.78
