USOIL Technical Analysis is trading at the $70.69/71.43 per barrel area, in case of rising and stability above the $71.43 per barrel area, it will head to the first resistance area at $71.93 per barrel, and in case of continuing the rise, it will head to the $72.39/72.87 per barrel areas
On the other hand,
In case of falling and stability below the $70.69 per barrel area, it will head to the first support area at $70.20 per barrel, and in case of continuing the decline, it will head to the $69.61/69.05 per barrel areas
USOIL Technical Analysis: Support and resistance levels
• Third resistance: 72.87
• Second resistance: 72.39
• First resistance: 71.93
• Trading area: 70.69/71.43
• First support: 70.20
• Second support: 69.61
• Third support: 69.05
