USOIL Technical Analysis Today, oil is trading at $70.31, in the event of an increase and reaching the 70.49 area, it will head to the first resistance area at 70.69, and in the event of a continuation of the increase, it will head to the second resistance area at 70.90
On the other hand,
In the event of a decrease and stability below the 70.49 area, it will head to the first support area 70.06 and the second support area at 69.87
![USOIL Technical Analysis](https://www.briskmarkets.com/blog/wp-content/uploads/2025/02/OIL-8.png)
USOIL Technical Analysis: Resistance and support levels
• Second resistance: 70.90
• First resistance: 70.69
• First support: 70.06
• Second support: 69.87