Oil

USOil Technical Analysis Oil price today, in the global oil market, the price is trading at the area of $77.73 per barrel. According to technical analysis, the current trend indicates a weak 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 78.16, and we will target $78.81 per barrel as a profit-taking target. To ensure risk control, it is recommended to set the stop loss point at the $76.85 per barrel area.
USOil Technical Analysis: On the other side
If the selling zone at 76.85 per barrel is broken, targeting the additional support level at $76.44 per barrel could be achieved.
USOil Technical Analysis: resistance and support levels
• Second resistance: 78.75
• First resistance: 78.47
• Pivot level: 77.90
• First support: 77.62
• Second support: 77.05