Recovery rally off $55.81 trough extends into fourth straight day and broke above target at $58.14 (Fibo 76.4% of $58.86/$55.81) on Tuesday.
Bulls were boosted by North Sea pipeline shutdown and look for test of $58.63 resistance (bear-trendline connecting $59.02 / $58.86 tops) which marks the last obstacle en-route to key barriers at $58.86 (01 Dec) and $59.02 (24 Nov peak, the highest since late June 2015).
Bullish daily techs are supportive, however, oil price may show stronger hesitation before firm break above $59.02 pivot.
Corrective dips are expected to stay above daily Tenkan-sen ($57.34) to keep bullish structure intact.
Res: 58.63, 59.86, 59.02, 60.00
Sup: 58.14, 57.90, 57.34, 56.91
