Core Viewpoint - The current bullish breakout indicates a strong counter-trend rally, with resistance expected near the 50-day average at $59.13, which has historically acted as a dynamic resistance area [1][2]. Price Resistance Levels - The price zone of potential resistance includes the 12-day high at $59.22 and a 78.6% Fibonacci retracement level at $59.37, suggesting a critical area for the current bounce to either reverse or break through [2]. Reversal Confirmation - A sustained move above the lower swing high of $60.56 from early December is necessary to confirm a trend reversal on the daily chart. A bullish reversal was triggered this week, with confirmation pending if the week closes above last week's high of $57.82 [3]. Broader Downtrend Context - The series of lower swing highs since the June peak at $78.44 indicates the potential for another pullback from resistance. Strong demand is essential for further advancement and breaking through the resistance zone, which may require a dip to establish a higher swing low [4]. Outlook - The counter-trend rally in crude oil has gained momentum, with the $59.13–$59.37 confluence being a decisive test. Holding above the 50-day average would shift the daily structure to a short-term bullish stance, while rejection could lead to another decline within the larger downtrend from June [5].