Oil managed to pass above the first resistance of 59.00 as prices still face a downtrend resistance around 60.10.
As we see over the chart and as long as the market holds below the above levels, another drop toward 57.60-80 could hit the market.
Above 60.10-30 more advance toward resistance 62.60 will be expected.
Prices managed to retreat towards 58.45 so far.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 58.20 | 60.10-30 |
| LEVEL2 | 57.05 | 62.60 |
| LEVEL3 | 56.00 | 64.35 |
