USOIL is currently trading at $80.72, showing a slight increase of 0.01%. The pivot point at $80.84 is crucial for determining the next move. Immediate resistance is seen at $81.19, followed by $81.55 and $81.91. On the downside, immediate support is found at $80.37, with further support at $79.98 and $79.50.
The 50-day Exponential Moving Average (EMA) is at $79.14, and the 200-day EMA is at $77.90. The outlook is bearish below $80.84, but a break above this level could enhance bullish momentum.