Oil

USOil Technical Analysis price today, in the global oil market, the price is trading at the area of $81.23 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 negative trend.
Accordingly, it is possible to sell from a decline to the price of 80.69, and we will target $79.95 per barrel as a profit-taking target. To ensure risk control, it is recommended to set a stop loss point at $82.25 per barrel.
USOil Technical Analysis: On the other side
If the buy zone at 82.25 per barrel is broken, targeting the additional support level at $82.69 per barrel could be achieved.
USOil Technical Analysis: resistance and support levels
• Second resistance: 82.88
• First resistance: 81.66
• Pivot level: 81.45
• First support: 81.00
• Second support: 80.79