Per my previous analyse, oil traveled quite well till to the top, however not hit weekly 58.50 resistance yet, now it is bouncing between the uptrend channel.
H4 timeframe tells us strong bullish is in control and it might hit the 58.50 by a wick in the following hours, I would say you can place a pullback trade to support 57.84 for TP, then wait for the confirmation to the rise again till 58.50 on Friday. that might make the weekly candle closes exactly at the resistance level.
Then, we look into next week. a pullback to the uptrend support or even 57.84 might happen before the oil rise again. try to avoid the news on Thursday coz I am sure yesterday many traders got caught.
H4 timeframe tells us strong bullish is in control and it might hit the 58.50 by a wick in the following hours, I would say you can place a pullback trade to support 57.84 for TP, then wait for the confirmation to the rise again till 58.50 on Friday. that might make the weekly candle closes exactly at the resistance level.
Then, we look into next week. a pullback to the uptrend support or even 57.84 might happen before the oil rise again. try to avoid the news on Thursday coz I am sure yesterday many traders got caught.