We should note that this week industry data by API will be published on Wednesday, not on Tuesday as usually. Energy Information Administration report will be delivered Thursday respectively. Therefore in the first part of the week geopolitical news and situation on stock markets will have prevailing influence on the market.
On the chart 60.00-62.50 range is still actual. Now the price moves towards upper boundary of the mentioned sideways channel. We can reckon on continuation of bullish movement only after break of the 62.50 level.
Resistance levels: 62.50, 64.00, 65.00;
Support levels: 60.00, 59.00, 57.00.
Main scenario: Decline towards 60.00.
Alternative scenario: Consolidation in the middle of 60.00-62.50 range.
Moderately-positive sentiment is set on the market. On the chart sideways channel 60.00-62.50 is still on the cards, therefore for intraday trading we consider shorts from the 62.50 level.