{"id":1562,"date":"2024-01-16T15:12:12","date_gmt":"2024-01-16T15:12:12","guid":{"rendered":"https:\/\/www.briskmarkets.com\/blog\/?p=1562"},"modified":"2024-01-16T15:12:12","modified_gmt":"2024-01-16T15:12:12","slug":"usoil-technical-analysis-it-is-trading-in-a-general-upward-trend","status":"publish","type":"post","link":"https:\/\/briskmarkets.com\/blog\/usoil-technical-analysis-it-is-trading-in-a-general-upward-trend\/","title":{"rendered":"USOIL Technical Analysis: It is trading in a general upward trend"},"content":{"rendered":"\n<p>USOIL Technical Analysis Today, we find the price of oil trading at $<strong>73.43<\/strong> per barrel. Based on current technical analysis, the current trend shows an upward trend in oil prices. The strength of this trend indicates a clear rise in the price of oil, as most of the moving average intersections were trading above. In addition, the MACD indicator provides strength signals to buy.<\/p>\n\n\n\n<p>Based on this analysis, we will wait for oil to rise to the target level of $<strong>73.93<\/strong> per barrel, while choosing $<strong>74.73<\/strong> as a profit-taking target. It is necessary to set the stop loss point at the $<strong>72.66<\/strong> area<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>USOIL Technical Analysis: on the other hand<\/strong><\/h2>\n\n\n\n<p>If the stop loss area at $<strong>72.66<\/strong> per barrel is broken, the oil price could head towards the additional support level at $<strong>72.00<\/strong> per barrel.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"750\" height=\"430\" src=\"https:\/\/www.briskmarkets.com\/blog\/wp-content\/uploads\/2024\/01\/USOILRollH1.pngBRE.png\" alt=\"USOIL Technical Analysis\" class=\"wp-image-1564\" srcset=\"https:\/\/briskmarkets.com\/blog\/wp-content\/uploads\/2024\/01\/USOILRollH1.pngBRE.png 750w, https:\/\/briskmarkets.com\/blog\/wp-content\/uploads\/2024\/01\/USOILRollH1.pngBRE-300x172.png 300w\" sizes=\"auto, (max-width: 750px) 100vw, 750px\" \/><\/figure>\n<\/div>\n\n\n<h3 class=\"wp-block-heading\"><strong>USOIL Technical Analysis: resistance and support levels<\/strong>:<\/h3>\n\n\n\n<p>\u2022 Second resistance<strong>: 74.50<\/strong><\/p>\n\n\n\n<p>\u2022 First resistance: <strong>74.00<\/strong><\/p>\n\n\n\n<p>\u2022 Pivot level:. <strong>73.11<\/strong><\/p>\n\n\n\n<p>\u2022 First support: <strong>72.50<\/strong><\/p>\n\n\n\n<p>\u2022 Second support: <strong>72.30<\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Dow Jones US30 Technical Analysis: It is trading in an upward trend<\/strong><\/h2>\n\n\n\n<p>Dow Jones US30 Technical Analysis Today, the Dow Jones Index is trading at the $<strong>37,423 <\/strong>area. According to technical analysis, the current trend is an upward trend in the American index prices. The price of the American index appears above most of the moving average intersections, and the MACD indicator also shows positive signs<\/p>\n\n\n\n<p>Accordingly, we expect the index to take an upward trend, so we will buy from the level of <strong>37749<\/strong>, and we will also target the level of $<strong>37999<\/strong> as a profit-taking target. To ensure risk control, it is recommended to set a stop loss point at the $<strong>37,315<\/strong> area.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Dow Jones US30 Technical Analysis: on the other hand<\/strong><\/h2>\n\n\n\n<p>If the stop loss area at $<strong>37,315<\/strong> is broken, targeting the additional support level at $<strong>37,081<\/strong> could be achieved.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"750\" height=\"430\" src=\"http:\/\/www.briskmarkets.com\/blog\/wp-content\/uploads\/2024\/01\/US30RollH1.pngBRE.png\" alt=\"Dow Jones US30 Technical Analysis\" class=\"wp-image-1565\" srcset=\"https:\/\/briskmarkets.com\/blog\/wp-content\/uploads\/2024\/01\/US30RollH1.pngBRE.png 750w, https:\/\/briskmarkets.com\/blog\/wp-content\/uploads\/2024\/01\/US30RollH1.pngBRE-300x172.png 300w\" sizes=\"auto, (max-width: 750px) 100vw, 750px\" \/><\/figure>\n<\/div>\n\n\n<h3 class=\"wp-block-heading\"><strong>Dow Jones US30 Technical Analysis: resistance and support levels<\/strong>:<\/h3>\n\n\n\n<p>\u2022 Second resistance: <strong>37900.58<\/strong><\/p>\n\n\n\n<p>\u2022 Initial resistance: <strong>37800.82<\/strong><\/p>\n\n\n\n<p>\u2022 Pivot level: <strong>37578.55<\/strong><\/p>\n\n\n\n<p>\u2022 First support: <strong>37200.02<\/strong><\/p>\n\n\n\n<p>\u2022 Second support: <strong>37100.38<\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>GBPUSD Technical Analysis: is trading in a downward trend<\/strong><\/h2>\n\n\n\n<p>GBPUSD Technical Analysis Today, the Pound Dollar is trading in a bearish trend during the American session. The pound dollar is trading at $<strong>1.2639<\/strong>, and trading appears below most of the moving average intersections. The MACD indicator also indicates the emergence of a negative trend and based on that, we can sell from the price of $<strong>1.2611<\/strong>, and the target target could be the $<strong>1.2570<\/strong> area. It is also recommended to choose the $<strong>1.2677<\/strong> area as a stop loss point to control risks.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>GBPUSD Technical Analysis: on the other hand<\/strong><\/h2>\n\n\n\n<p>If the stop loss area at $<strong>1.2677<\/strong> is breached, the pound price may head towards the $<strong>1.2570<\/strong> level.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"750\" height=\"430\" src=\"http:\/\/www.briskmarkets.com\/blog\/wp-content\/uploads\/2024\/01\/GBPUSDH1.pngBRE.png\" alt=\"GBPUSD Technical Analysis\" class=\"wp-image-1566\" srcset=\"https:\/\/briskmarkets.com\/blog\/wp-content\/uploads\/2024\/01\/GBPUSDH1.pngBRE.png 750w, https:\/\/briskmarkets.com\/blog\/wp-content\/uploads\/2024\/01\/GBPUSDH1.pngBRE-300x172.png 300w\" sizes=\"auto, (max-width: 750px) 100vw, 750px\" \/><\/figure>\n<\/div>\n\n\n<h3 class=\"wp-block-heading\"><strong>GBPUSD Technical Analysis: resistance and support levels:<\/strong><\/h3>\n\n\n\n<p>\u2022 Second resistance: <strong>1.2700<\/strong><\/p>\n\n\n\n<p>\u2022 First resistance: <strong>1.2690<\/strong><\/p>\n\n\n\n<p>\u2022 Pivot level: <strong>1.2634<\/strong><\/p>\n\n\n\n<p>\u2022 First support: <strong>1.2600<\/strong><\/p>\n\n\n\n<p>\u2022 Second support: <strong>1.2590<\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>NZDUSD Technical Analysis trading in a downward trend<\/strong><\/h2>\n\n\n\n<p>NZDUSD Technical Analysis\u00a0\u00a0 today in a bearish trend during the American session. The New Zealand dollar is trading at <strong>0.6156<\/strong>, and trading appears below most of the moving average intersections. The MACD indicator also indicates a negative trend indicating the presence of selling power.<\/p>\n\n\n\n<p>Accordingly, we can consider selling while waiting for the price of the New Zealand Dollar pair to fall at the level of <strong>0.6137<\/strong>, and the target could be the <strong>0.6102<\/strong> area. It is also recommended to choose the <strong>0.6189<\/strong> area as a stop loss point to control risk.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>NZDUSD Technical Analysis: On the other side<\/strong><\/h2>\n\n\n\n<p>On the other hand, if the stop loss area at <strong>0.6189<\/strong> is broken, the New Zealand Dollar price may head towards the <strong>0.6222<\/strong> level.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"750\" height=\"430\" src=\"http:\/\/www.briskmarkets.com\/blog\/wp-content\/uploads\/2024\/01\/NZDUSDH1.pngBRE.png\" alt=\"NZDUSD Technical Analysis\" class=\"wp-image-1567\" srcset=\"https:\/\/briskmarkets.com\/blog\/wp-content\/uploads\/2024\/01\/NZDUSDH1.pngBRE.png 750w, https:\/\/briskmarkets.com\/blog\/wp-content\/uploads\/2024\/01\/NZDUSDH1.pngBRE-300x172.png 300w\" sizes=\"auto, (max-width: 750px) 100vw, 750px\" \/><\/figure>\n<\/div>\n\n\n<h3 class=\"wp-block-heading\"><strong>NZDUSD Technical Analysis: resistance and support levels<\/strong><\/h3>\n\n\n\n<p>\u2022 Second resistance: <strong>0.6210<\/strong><\/p>\n\n\n\n<p>\u2022 First resistance: <strong>0.6200<\/strong><\/p>\n\n\n\n<p>\u2022 Pivot level<strong>: 0.6156<\/strong><\/p>\n\n\n\n<p>\u2022 First support: <strong>0.6130<\/strong><\/p>\n\n\n\n<p>\u2022 Second support: <strong>0.6120<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>USOIL Technical Analysis Today, we find the price of oil trading at $73.43 per barrel. Based on current technical analysis,&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[159],"tags":[27],"class_list":["post-1562","post","type-post","status-publish","format-standard","hentry","category-technical-analysis","tag-oil"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>USOIL Technical Analysis: It is trading in a general upward trend | Brisk Markets Blog<\/title>\n<meta name=\"description\" content=\"USOil Technical Analysis Today, we find the price of oil trading at $73.43 per barrel. the current trend shows an upward trend in oil prices\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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