Oil

USOil Technical Analysis Today’s oil price, in the global oil market, is trading at $77.17 per barrel. According to the technical analysis, the current trend indicates an upward trend with prices trading above the moving average intersections, and the MACD indicator also shows an upward trend
Accordingly, we can buy from the rise to the price of 77.51 and we will target $78.16 per barrel as a target to take profits. To ensure risk control, it is recommended to place a stop loss at $75.69 per barrel.
USOil Technical Analysis: On the other hand
In case of breaking the selling zone at $75.69 per barrel, the additional support level at $75.19 per barrel can be targeted.
USOil Technical Analysis: Resistance and support levels
• Second resistance: 77.89
• First resistance: 77.56
• Pivot level: 77.20
• First support: 76.80
• Second support: 76.50