Today besides geopolitical news the market will spotlight weekly data from API on dynamics of oil inventories in USA.
On the chart buyers continue to gain upward pressure on the 59.20 level increasing chances for the break of this mark. In this case bulls might reckon on further development of upward wave in direction of the 60.80 and 62.30 levels.
Resistance levels: 59.20, 60.80, 62.30;
Support levels: 57.50, 55.55, 55.00.
Main scenario: Break of resistance at 59.20 and growth towards 60.80.
Alternative scenario: Break of support at 57.50 and decline towards 55.00.
Moderately-positive sentiment remains on the market. Bullish signals are still actual on the chart. For intraday trading we give preference to long-trades, that should be considered from the 58.85 level and lower.