USOIL Technical Analysis Oil is trading at the area of $80.85/81.21 per barrel. In the event of an ascent and stability above the area of $81.21 per barrel, it will head to the first resistance area at $81.57 per barrel. If the rise is completed, it will head to the areas of $81.92/82.25 per barrel.
USOIL Technical Analysis On the other side
In the event of a decline and stability below the $80.85 per barrel area, it will head to the first support area at $80.51 per barrel, and if the decline is completed, it will head to the support areas at $79.75/80.14 per barrel.
USOIL Technical Analysis: support and resistance levels
• Third resistance: 82.25
• Second resistance: 81.92
• First resistance: 81.57
• Trading area: 80.85/81.21
• First support: 80.51
• Second support: 80.14
• Third support: 79.75
