Oil

USOil Technical Analysis Oil price today, in the global oil market, the price is trading at the area of $81.27 per barrel. According to technical analysis, the current trend indicates an upward trend with prices trading above the intersections of the moving average, and the MACD indicator also shows a positive trend.
Accordingly, buying can rise to the price of 81.65, and we will target $82.13 per barrel as a profit-taking target. To ensure risk control, it is recommended to set the stop loss point at the $80.45 per barrel area.
USOil Technical Analysis: On the other side
If the selling zone at 80.45 per barrel is broken, targeting the additional support level at $80.02 per barrel could be achieved.
USOil Technical Analysis: resistance and support levels
• Second resistance: 81.77
• First resistance: 81.59
• Pivot level: 81.23
• First support: 81.05
• Second support: 80.69