Oil

USOil Technical Analysis The price of oil today, in the global oil market, is trading at $75.84 per barrel. According to the technical analysis, the current trend indicates an upward trend with prices trading above the moving average intersections, and the MACD indicator also shows a positive trend
Accordingly, it is possible to buy from the rise to the price of 76.35 and we will target $76.94 per barrel as a target to take profits. To ensure risk control, it is recommended to place a stop loss at $75.09 per barrel.
USOil Technical Analysis: On the other hand
In case of breaking the selling zone at $75.09 per barrel, the additional support level at $74.64 per barrel can be targeted.
USOil Technical Analysis: Resistance and support levels
• Second resistance: 77.26
• First resistance: 76.78
• Pivot level: 76.43
• First support: 75.60
• Second support: 75.12