Oil still is moving in the ascending channel.I think it will keep moving in the channel until a big Fundamental happens.Till then ,after the correction that started at the end of last week ends its a good opportunity to buy at the bottom when it bounces of the 200 EMA as it happened twice in the past (green arrow).
So I will look for a buy position at 57.76
SL 56.78 TP 61.8
R/R 4
Lets see what happens