WTI oil recently reversed up sharply from the combined support zone located between the support level 57.65 (former minor support from February), support level 59.10 (low of the preceding downward correction (iv)), lower daily Bollinger Band and the 61.8% Fibonacci correction of the earlier sharp daily upward impulse 5 from the end of January. Given the strong daily uptrend – WTI oil can be expected to rise further toward the next resistance level 62.50 (former minor reversal pivot from the middle of March). Strong support remains at the support level 57.65.