Oil

USOil Technical Analysis price today, in the global oil market, the price is trading at the area of $81.74 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 a weak negative trend.
Accordingly, it is possible to sell from a decline to the price of 81.54, and we will target $81.11 per barrel as a profit-taking target. To ensure risk control, it is recommended to set a stop loss point at the $82.27 per barrel area.
USOil Technical Analysis: On the other side
If the buy zone at 82.27 per barrel is broken, targeting the additional support level at $82.49 per barrel could be achieved.
USOil Technical Analysis: resistance and support levels
• Second resistance: 82.29
• First resistance: 82.00
• Pivot level: 81.88
• First support: 81.59
• Second support: 81.20