Oil

USOil Technical Analysis Oil price today, in the global oil market, the price is trading at the area of $81.43 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 positive trend, which enhances the negative possibilities.
Accordingly, selling can fall to the price of 81.23, and we will target $80.89 per barrel as a profit-taking target. To ensure risk control, it is recommended to set the stop loss point at the $81.91 per barrel area.
USOil Technical Analysis: On the other side
If the buy zone at 81.91 per barrel is broken, targeting the additional support level at $82.16 per barrel could be achieved.
USOil Technical Analysis: resistance and support levels
• Second resistance: 82.07
• First resistance: 81.78
• Pivot level: 81.55
• First support: 81.10
• Second support: 80.79