Uniglobe Markets
February 25, 2025 at 12:36 PM
USOil is currently in a bearish trend, trading at $70.58 per barrel. The price is below moving averages, and the MACD shows a mixed trend. A selling opportunity is identified with a target at $69.18, as the price may drop to $70.05. A stop loss should be set at $71.39 to manage risk.
If the price breaks $71.39, it could rise towards $72.09.
Resistance levels:
71.10 (Second)
70.78 (First)
Support levels:
70.22 (First)
69.98 (Second)
Pivot level: 70.54