USOil Technical Analysis Today’s oil price, in the global oil market, is trading at $72.75 per barrel. According to technical analysis, the current trend indicates a weak upward trend with prices trading below the moving average intersections, and the MACD indicator shows a weak positive trend
Accordingly, you can sell while waiting for the price to drop to $72.17, and we will target $71.13 per barrel as a target to take profits. To ensure risk control, it is recommended to place a stop loss point at $74.15 per barrel.
USOIL Technical Analysis: On the other hand,
if the buying zone at 74.15 per barrel is broken, the additional resistance level at $74.92 per barrel can be targeted.

USOIL Technical Analysis: Resistance and Support Levels
- Second Resistance: 73.68
- First Resistance: 73.39
- Pivot Level: 72.89
- First Support: 72.42
- Second Support: 72.13