BRENT OIL – extended bears crack important support at $56.00

Brent oil extends pullback from last week and remains in steep descend for the fifth straight day. Fresh bearish extension on Monday cracked important support at $56.00 (Fibo 38.2% of $50.47/$59.48 upleg).
Rising 20SMA (currently at $55.72) is reinforcing support zone, where bears may take a breather on oversold slow stochastic.
However, south-heading daily RSI shows a plenty of room at the downside and signals further easing on firm break below $56.00/$55.72 triggers, which would expose support at $54.97 (daily Kijun-sen / 50% retracement.
Initial resistance lies at $56.74 (session high) and extended upticks should remain below broken daily Tenkan-sen at $57.36.

Res: 56.74; 57.00; 57.36; 57.72
Sup: 55.98; 55.72; 55.25; 54.97