Technical Analysis
The line of 58.75 remains relevant. Currently, it is an immediate resistance line which could be tested in the North American session. The 50-EMA line is close by, at 59.07. This is followed by resistance at the round number of 60.00. On the downside, there is support at 58.00. This is followed by a support level at 57.25, which has held since December 3.