After more than two weeks of sideways movement, the price of oil has increased significantly. The price is now trading at 52,90 but the maximum of the day was at 53,70.
We have a support at 52,56 and lower at 50,51. The sideways movement can be considered as a triangle, the price has broken this pattern and now is expected to grow even higher. na important resistance can be found at 58,58.