USOIL Technical Analysis is trading at the $70.93/71.49 per barrel area, in case of rising and stability above the $71.49 per barrel area, it will head to the first resistance area at $71.98 per barrel, and in case of continuing the rise, it will head to the $72.41/72.84 per barrel areas
On the other hand,
In case of falling and stability below the $70.93 per barrel area, it will head to the first support area at $70.40 per barrel, and in case of continuing the decline, it will head to the $69.93/69.52 per barrel areas
USOIL Technical Analysis: Support and resistance levels
• Third resistance: 72.84
• Second resistance: 72.41
• First resistance: 71.98
• Trading area: 70.93/71.49
• 1st support: 70.40
• 2nd support: 69.93
• 3rd support: 69.52
