USOIL on path to 58.50 before falling towards 50. Pending short?

Technical analysis uncovers path that may bring a lot of possibilities of trading, but also a lot of risk, stay close to the news and comments about USOIL, and also monitor the development of the pattern in the following days and weeks.

Time-frame: one month.
Resistance: 58.52
Support: 48.90

Trading setup scenario:
After price reaches 58.52 we short it on a daily close below it. Target 51.20, and 49.
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Supplied information is not an advice.