Oil

USOil Technical Analysis Oil price today, in the global oil market, the price is trading at the area of $81.76 per barrel. According to technical analysis, the current trend indicates a downward trend with prices trading above the moving average intersections, and the MACD indicator also shows a weak negative trend, which enhances the positive possibilities.
Accordingly, we can buy from the rise to the price of 82.15, and we will target $82.81 per barrel as a profit-taking target. To ensure risk control, it is recommended to set the stop loss point at the $80.62 per barrel area.
USOil Technical Analysis: On the other side
If the selling zone at 80.62 per barrel is broken, targeting the additional support level at $80.15 per barrel could be achieved.
USOil Technical Analysis: resistance and support levels
• Second resistance: 83.68
• First resistance: 83.19
• Pivot level: 82.88
• First support: 81.58
• Second support: 81.20