USOil Technical Analysis Today’s oil price, in the global oil market, is trading at $73.48 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 $74.41, and we will target $75.32 per barrel as a target to take profits. To ensure risk control, it is recommended to place a stop loss point at the $72.00 per barrel area.
USOIL Technical Analysis: On the other hand,
if the selling zone at $72.00 per barrel is broken, the additional resistance level at $71.26 per barrel can be targeted.
USOIL Technical Analysis: Resistance and support levels
- Second resistance: 74.12
- First resistance: 73.82
- Pivot level: 73.55
- First support: 73.25
- Second support: 73.05
