USOil Technical Analysis Today’s oil price, in the global oil market, is trading at $75.62 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 weak positive trend
Accordingly, you can buy while waiting for the price to drop to $74.86, and we will target $76.44 per barrel as a target to take profits. To ensure risk control, it is recommended to place a stop loss at $73.82 per barrel.
USOIL Technical Analysis: On the other hand
In case of breaking the selling zone at $73.82 per barrel, the additional support level at $72.78 per barrel can be targeted.
USOIL Technical Analysis: Resistance and Support Levels
- Second Resistance: 76.39
- First Resistance: 76.14
- Pivot Level: 75.93
- First Support: 75.47
- Second Support: 75.19
