As we advised last week Market once break above 55.20 another advance wave may hit the market toward 59.60 zone
As we see over the chart, Oil facing support at 55.00 and 53.60 where as long as market holding above one of those supports more advance toward 59.60 zone is expected
Market so far printed high 57.65 while more advance still on hand
Below 53.60 more drop toward 50.00-25 zone may hit the market
| Support | Resistance | |
| Level 1 | 56.70 | 57.70 |
| Level 2 | 55.20 | 58.50 |
| Level 3 | 53.60 | 59.60 |
