USOIL Technical Analysis : USOIL Weak rise

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

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
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