USOIL EIA is coming today in US trading time, and be ware of the data impact, it might cause oil unstable today.
For daily trading purpose, try to short oil for setting small SL right now around 57.5, although oil still very strong in uptrend channel, but it already rose for 7 days. Therefore, we must be on the alert of oil retrace suddenly in this situation.
Moreover, we can also waiting for another opportunity to long with macro trend. Stand by the reversal horizon to long is the better way to do it.
Support: 56.36 / 56.63
Resistance: 57.55 / 57.85
Like if you trade, make Ideas or comments with me :D