Uniglobe Markets
February 11, 2025 at 12:25 PM
US Oil (USOil) Technical Analysis Summary:
Downtrend: US Oil is currently in a downtrend, trading at $71.81, below key moving averages. The MACD indicator shows a negative trend.
Sell Opportunity: Consider selling near $71.81 with targets at $71.08 and $70.20. A stop loss is recommended at $72.73.
Bullish Scenario: If the price breaks the $72.73 resistance, it could rise toward $73.45.
Support & Resistance Levels:
Resistance: 72.51 (second), 72.29 (first)
Pivot: 71.98
Support: 71.76 (first), 71.45 (second)