USOil Technical Analysis Today’s oil price, in the global oil market, is trading at $75.61 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 76.34, and we will target $77.20 per barrel as a target to take profits. To ensure risk control, it is recommended to place a stop loss at $74.78 per barrel.
USOIL Technical Analysis: On the other hand
In case of breaking the selling zone at $74.78 per barrel, the additional support level at $74.03 per barrel can be targeted.
USOIL Technical Analysis: Resistance and support levels
- Second resistance: 76.55
- First resistance: 76.14
- Pivot level: 75.91
- First support: 75.27
- Second support: 74.86
