USOIL Technical Analysis Oil is trading at the area of $80.72/81.44 per barrel. In the event of a decline and stability below the area of $80.72 per barrel, it will head to the first support area at $81.24 per barrel, and if the decline is completed, it will head to the areas of $79.90/79.51 per barrel.
USOIL Technical Analysis On the other side
In the event of an ascent and stability above the area of $81.44 per barrel, it will head to the first resistance area at $81.83 per barrel, and if the rise is completed, it will head to the resistance areas at $82.27/82.68 per barrel.
USOIL Technical Analysis: support and resistance levels
• Third resistance: 82.68
• Second resistance: 82.27
• First resistance: 81.83
• Trading area: 81.44/80.72
• First support: 80.24
• Second support: 79.90
• Third support: 79.51
