USOil Technical Analysis: Downtrend USOil closed last week at $70.64 per barrel, showing a downward trend with prices trading below the moving average crossovers. The MACD indicator also signals a negative trend. A potential buy opportunity arises in the Asian session, targeting $71.15 with a profit target at $71.97. Set a stop loss at $69.73 per barrel. Alternative Scenario If the price breaks below the $69.73 selling area, the additional support level at $69.08 per barrel could be targeted. Resistance and Support Levels Second Resistance: 71.04 First Resistance: 70.96 Pivot Level: 70.74 First Support: 70.55 Second Support: 70.20