USOIL Technical Analysis:The price of oil today, in the global oil market, is trading at $66.62 per barrel. According to technical analysis, the current trend indicates a weak upward trend with prices trading below the moving average crossovers, and the MACD indicator indicates a weak positive trend.
Accordingly, we can sell while waiting for the price to drop to $65.82, and we will target $64.52 per barrel as a profit-taking target. To ensure risk control, it is recommended to place a stop-loss point at $68.06 per barrel.
USOIL Technical Analysis: On the other hand,
if the buy zone at $68.06 per barrel is broken, an additional resistance level at $68.95 per barrel could be targeted.
USOIL Technical Analysis: Resistance and Support Levels
- Second Resistance: 66.75
- First Resistance: 66.71
- Pivot Level: 66.65
- First Support: 66.55
- Second Support: 66.51
