USOIL (WTI)

As you can see, US OIL moved in ascending channel from daily major support ( from 50.60 to 51.10). Finally price reach strong resistance 58.69 and it could not breakout the resistance. last week, US OIL came back to 55.05 area and break out ascending channel, In my view, US OIL would break support 54.98 and go down to major daily support.