If Oil breaks the neck line of the double bottom(RSI divergence confluence), it gives room to go to the first resistance zone($56.96). The second target will be the second resistance zone ($59.60).
Comment:
A descending triangle is forming. A breakout to the downside gives room to start a sell of.
Comment:
The first take profit level has been reached. If there is enough momentum, the price might reach the second take profit target.