USOIL is currently trading at $78.30, reflecting a modest increase of 0.25%. The pivot point, marked at $77.75, serves as a critical level to watch. Immediate resistance is identified at $78.60, with subsequent resistance levels at $79.41 and $80.55.
On the downside, immediate support is seen at $77.20, followed by additional support levels at $76.41 and $75.41. The 50-day Exponential Moving Average (EMA) is positioned at $76.48, with the price currently trading above this level, indicating a bullish trend.