Fibonacci and Trends Show Imminent Pullback and Possible Bear

Oil is facing double historical resistance, currently on one and the other is in the near horizon. Given the recent minor pullback in which it passed a major resistance, it's more likely that it would stumble again this or next month as the trend subsides. The proximity to the Fibonacci time/price retracement is an indicator that for the bullish trend to continue, the same pace must continue for the coming months, which is unlikely since the gain in the last few months was very fast relative to history. Support level expected at 58.