Oil

USOil Technical Analysis Today’s oil price, in the global oil market, is trading at $75.24 per barrel. According to the technical analysis, the current trend indicates a downward trend with prices trading below the moving average intersections, and the MACD indicator also shows a negative trend
Accordingly, the sale can be from the drop to the price of 74.73, and we will target $74.18 per barrel as a target to take profits. To ensure risk control, it is recommended to place a stop loss at $75.97 per barrel.
USOil Technical Analysis: On the other hand
In case of breaking the buy zone at $75.97 per barrel, the additional support level at $76.37 per barrel can be targeted.
USOil Technical Analysis: Resistance and support levels
• Second resistance: 75.88
• First resistance: 75.65
• Pivot level: 75.39
• First support: 75.00
• Second support: 74.75