Oil

USOil Technical Analysis Oil price today, in the global oil market, the price is trading at the area of $82.034 per barrel. According to technical analysis, the current trend indicates an upward trend with prices trading above the intersections of the moving average, and the MACD indicator also shows a positive trend.
Accordingly, we can buy from the rise to the price of 82.63, and we will target $83.05 per barrel as a profit-taking target. To ensure risk control, it is recommended to set a stop loss point at the $81.73 per barrel area.
USOil Technical Analysis: On the other side
If the selling zone at 81.73 per barrel is broken, targeting the additional support level at $81.46 per barrel could be achieved.
USOil Technical Analysis: resistance and support levels
• Second resistance: 82.83
• First resistance: 82.64
• Pivot level: 82.44
• First support: 82.10
• Second support: 81.86