USOil Technical Analysis Today’s oil price, in the global oil market, is trading at $72.28 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 $72.98, and we will target $73.93 per barrel as a target to take profits. To ensure risk control, it is recommended to place a stop loss point at $70.97 per barrel.
USOIL Technical Analysis: On the other hand,
if the selling zone at 70.97 per barrel is broken, the additional resistance level at $70.27 per barrel can be targeted.
USOIL Technical Analysis: Resistance and Support Levels
- Second Resistance: 72.72
- First Resistance: 72.57
- Pivot Level: 72.31
- First Support: 72.16
- Second Support: 71.90
