Oil managed to expand the rebound correction above the 57.05 resistance, towards 58.80 two weeks ago.
As we see over the previous chart, the market is a facing resistance zone around 59.00-40, which could keep the market inside this trading zone towards the 54.80 support.
Above 59.40 more advance towards 62.60 could hit the market
| SUPPORT | RESISTANCE | |
| LEVEL1 | 56.60 | 59.00-40 |
| LEVEL2 | 54.80 | 60.30 |
| LEVEL3 | 52.50 | 62.60 |