Support factor for the market is situation on stock markets, where a higher demand for dicey and highly-profitable assets can be observed, that always produces positive influence on dynamics of the crude quotes.
On the chart sideways channel 57.00-60.00 is still in place. Inside this price channel locally we can expect forming of downward movement from upper boundary of the sideways channel towards lower wall.
Resistance levels: 60.00, 61.50, 64.00;
Support levels: 57.00, 55.55, 55.00.
Main scenario: Decline towards 57.00.
Alternative scenario: Gaining a foothold above 60.00 and growth towards 61.50.
Moderately-negative sentiment prevails on the market. Bearish signals dominate on the chart. We consider intraday short-positions from 59.00.