Oil is sitting right on its immediate support at $58.30–58.50. If this area cracks, price may slide toward the deeper floor at $55.
Upside, first resistance sits at $59.20–59.60, but the real breakout zone is $60–60.50. A strong push above this could open the path toward $62.50–63.00.
Market is compressing — breakout direction will decide the next trend leg.
For more : https://t.co/PUntR5EMpS
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