Oil

USOil Technical Analysis Oil price today, in the global oil market, the price is trading at the area of $77.41 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 weak negative trend.
Accordingly, buying can rise to the price of 77.82, and we will target $78.48 per barrel as a profit-taking target. To ensure risk control, it is recommended to set a stop loss point at $76.67 per barrel.
USOil Technical Analysis: On the other side
If the selling zone at 76.67 per barrel is broken, targeting the additional support level at $76.21 per barrel could be achieved.
USOil Technical Analysis: resistance and support levels
• Second resistance: 78.86
• First resistance: 78.34
• Pivot level: 77.66
• First support: 77.14
• Second support: 76.46