U.S. oil futures traded in light levels on 127.2% Fibonacci number located at the price of 57.10 - 57:30. Trading above the level referred to him will remain on the possibility of a further upward trend, where the price is deliberating in rising channel as we see in the image above, trading firm above the level of 127.2% Fibonacci number is likely to rise further. Only break the price of 55.55 will cause a failure in positive expectations, but we would have preferred to see price steady above the level of 56.70 to keep an opportunity upward trend during the coming period.
