Oil

USOil Technical Analysis Last week, oil closed on the global oil market at $81.23 per barrel. According to technical analysis, the current trend indicates a downward trend with prices trading below the moving average intersections, and the MACD indicator also shows negative signals.
Accordingly, selling in the first sessions of this week in the Asian session can fall to the price of 81.03, and we will target $80.70 per barrel as a profit-taking target. To ensure risk control, it is recommended to set a stop loss point at the $81.60 per barrel area.
USOil Technical Analysis: On the other side
If the buy zone at 81.60 per barrel is broken, targeting the additional support level at $81.76 per barrel could be achieved.
USOil Technical Analysis: resistance and support levels
• Second resistance: 81.38
• First resistance: 81.32
• Pivot level: 81.22
• First support: 81.18
• Second support: 81.12