Oil

USOil Technical Analysis Oil price today, in the global oil market, the price is trading at the area of $78.10 per barrel. According to technical analysis, the current trend indicates a downward trend with prices trading above the moving average intersections, and the MACD indicator also shows a negative trend.
Accordingly, selling can fall to the price of 77.77, and we will target $77.20 per barrel as a profit-taking target. To ensure risk control, it is recommended to set a stop loss point at the $78.80 per barrel area.
USOil Technical Analysis: On the other side
If the buy zone at 78.80 per barrel is broken, targeting the additional support level at $79.24 per barrel could be achieved.
USOil Technical Analysis: resistance and support levels
• Second resistance: 78.73
• First resistance: 78.46
• Pivot level: 78.20
• First support: 77.67
• Second support: 77.40