WTI oil to the upside

Crude oil inventories out of the US have come out lower than expected causing the price of WTI oil to rally from the 61.00 level where we can find the 55 day EMA. On the daily chart we can see that the price has formed a breakout-pullback pattern precisely on the 61.00 level. In order for the breakout-pullback pattern to be confirmed, the next candle must also be bullish. The next resistance could be the 65.00 level, but for now the stochastics indicator has enough space before entering the overbought zone, therefore the price could continue rising. In order for WTI oil to go back to its bullish trend, the price must break above the 66.59 high. In case of a bearish breakdown below the 61.00 level, its next support could be the 58.00 level where we can find the 200 week EMA, followed by the 56.00 level where the 200 day EMA is right below it.