USOil Technical Analysis Today’s oil price, in the global oil market, is trading at $77.41 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 shows a positive trend
Accordingly, you can sell while waiting for the price to drop to $76.74, and we will target $75.85 per barrel as a target to take profits. To ensure risk control, it is recommended to place a stop loss at $78.32 per barrel.
USOIL Technical Analysis: On the other hand
In case of breaking the selling zone at $78.32 per barrel, the additional support level at $79.06 per barrel can be targeted.
USOIL Technical Analysis: Resistance and Support Levels
- Second Resistance: 77.85
- First Resistance: 77.60
- Pivot Level: 77.48
- First Support: 77.21
- Second Support: 77.00
