USOIL Technical Analysis Oil is trading at the $78.41/79.05 area. In the event of an ascent and stability above the 79.05 area, it will head to the first resistance area at 79.57. If the rise is completed, it will head to the 80.14/80.81 area.
USOIL Technical Analysis On the other side
In the event of a decline and stability below the 78.41 area, it will head to the first support area at 77.71, and in the event of the decline completing, it will head to the support areas at 76.96/76.29.
USOIL Technical Analysis: support and resistance levels
• Third resistance: 80.81
• Second resistance: 80.14
• First resistance: 79.57
• Trading area: 78.41/79.05
• First support: 77.71
• Second support: 76.96
• Third support: 76.29
