after impulsive move to the upside, intermidiate ressistance has been violated. The price formed corrective move and test the same ressistance now becomming support. In conjunction
with EMA50 and the recent EIA bullish report, I expect the price to hit the upper range boundry of 57.31
R:R 2:1
Comment:
Stop loss can be moved to 55.54 to prevent any loss