The oil managed to maintain the levels 5771 - 58.82 above the exponential average 200 over the daily period to penetrate the sideways direction targeting the top of the upper channel 61.80.
And trading remains above the 210 angle and the price 58.91 is positive and pushes the price to target the 240 angle at the simple daily average 200 and the price 61.49.
Penetration of this level may reach black gold for important levels ranging between 62.83 - 63.60 near 61.8 Fibonacci levels for the wave 76.88 - 42.36.
