Oil is trading at the $77.51/78.00 per barrel area, in case of rising and stability above the $78.00 per barrel area, it will head to the first resistance area at $78.41 per barrel, and in case of continuing the rise, it will head to the $78.78/79.14 per barrel areas
USOIL Technical Analysis On the other hand,
In case of falling and stability below the $77.51 per barrel area, it will head to the first support area at $77.07 per barrel, and in case of continuing the decline, it will head to the $76.70/76.36 per barrel areas
USOIL Technical Analysis: Support and resistance levels
• Third resistance: 79.14
• Second resistance: 78.78
• First resistance: 78.41
• Trading area: 77.51/78.00
• 1st support: 77.07
• 2nd support: 76.70
• 3rd support: 76.36
