Brent eases from 26-month high; bulls eye $60+ levels after correction

Brent oil hit fresh 26-month high at $59.48 on Tuesday, in brief extension of strong rally on Monday when the contract was up nearly 4% after Turkey threatened cut exports from Kurdish Autonomous zone in Iraq.
Monday’s rally was the biggest one-day rally since 30 Nov 2016and broke above key med-term barrier at $58.36 (former 2017 high of 03 Jan and the top of recovery phase from $27.09, 2016 low).
The rally ran out of steam on approach to psychological $60.00 barrier, with corrective action signaled by reversal of daily RSI / slow stochastic in deep overbought territory.
Extended corrective easing should find strong support at rising daily Tenkan-sen (currently at $57.14), before bulls resume.
Eventual break above $60.00 barrier would open way towards $60.93 (Fibo 38.2% of larger $115.68/$27.09, 2014/2016 descend).

Res: 59.48; 60.00; 60.93; 61.36
Sup: 58.41; 58.08; 57.75; 56.37