So far the situation on the oil market remains the same. The rate is bracketed between support zone 55.87-57.44 and resistance 61.08. Most likely this tendency will remain in place today.
Local trading range also keeps sideways mode. Bollinger bands have its local levels of support/resistance 58.44/60.56 that might prove sufficient amid extremely low activity from the ADX indicator.
As we see, the sideways trend is being confirmed on all time-frames. Hourly chart offers cut-off levels 58.70-60.12. ADX indicator is in a sleep mode not showing any signs of probable high volatility today.
Main scenario: Flat in the 58.70-60.12 range.
Alternative scenario: Wider range of flat in the 58.44-60.56 channel.
Short-term trades to both sides from the boundaries of one of the mentioned channels.