Analyzing The Decrease of The USOIL Stock.

The USOil has faced a fall of 2.72% between the resistance line 84.47 and the support line 82.03, and this is due to the negative data released by the U.S. Energy Information Administration about the crude oil stocks, which has been less than the expected data by 2.3M points. Therefore, the stock is expected to decrease to break the first support line 82.03 to meet the second support line 81.85 and then the third support line 81.36, on the contrary, if the stock rises, it will breach the first resistance line 82.65 to meet the second support line 82.93 then the third resistance line 83.34