Oil price should close above 59.05 to boost its rise :

PVM notes that the WTI must break above 59.05 to reinforce its rise.

"The WTI is good but still has serious resistance at 58.44 / 60 before the big hurdle of 58.97 / 05. There will be no higher targets before a close above 59.05.

Support is around 57.89 then 57.54, followed by 57.38. A fall below 57.89 would give a first warning, and under 57.54 we will have a confirmation of the weakening. "
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