USOil

USOil Technical Analysis Today’s oil price, in the global oil market, is trading at $68.79 per barrel. According to technical analysis, the current trend indicates an upward trend with prices trading above the moving average intersections, and the MACD indicator shows a positive trend
Accordingly, you can buy while waiting for the price to rise to $69.09, and we will target $69.64 per barrel as a target to take profits. To ensure risk control, it is recommended to place a stop loss at $68.56 per barrel.
USOil Technical Analysis: On the other hand
In case of breaking the selling zone at $68.56 per barrel, the additional support level at $67.92 per barrel can be targeted.
USOil Technical Analysis: Resistance and support levels
• Second resistance: 69.88
• First resistance: 69.00
• Pivot level: 68.70
• First support: 67.50
• Second support: 67.00