Oil

USOil Technical Analysis Oil price today, in the global oil market, the price is trading at the area of $82.49 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 also shows a weak positive trend.
Accordingly, we can buy from the rise to the price of 82.89, and we will target $83.36 per barrel as a profit-taking target. To ensure risk control, it is recommended to set the stop loss point at the $81.75 per barrel area.
USOil Technical Analysis: On the other side
If the selling zone at 81.75 per barrel is broken, targeting the additional support level at $81.44 per barrel could be achieved.
USOil Technical Analysis: resistance and support levels
• Second resistance: 83.10
• First resistance: 82.86
• Pivot level: 82.68
• First support: 82.10
• Second support: 81.79