Oil

USOil Technical Analysis Oil price today, in the global oil market, the price is trading at the area of $82.88 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, which enhances the negative possibilities.
Accordingly, it is possible to sell from a decline to the price of 82.65, and we will target $82.15 per barrel as a profit-taking target. To ensure risk control, it is recommended to set a stop loss point at $83.32 per barrel.
USOil Technical Analysis: On the other side
If the buy zone at 83.32 per barrel is broken, targeting the additional support level at $83.59 per barrel could be achieved.
USOil Technical Analysis: resistance and support levels
• Second resistance: 83.46
• First resistance: 83.20
• Pivot level: 82.95
• First support: 82.65
• Second support: 82.49