Uniglobe Markets
February 6, 2025 at 12:46 PM
USOil Technical Analysis Overview:
Trend: US Oil is in a downtrend, currently trading at $71.07 per barrel, below most moving averages, with the MACD indicating a negative trend.
Sell Recommendation: Target $69.82, with a stop loss at $71.84.
Bullish Scenario: If the price breaks above $71.84, the next target is $72.36.
Key Levels:
Resistance: $71.53 (1st), $71.93 (2nd)
Support: $70.59 (2nd), $70.86 (1st)
Pivot Level: $71.26