market price reached first bigger resistance (trend line and 100 + 200 day moving average) after released weak US industrial performance data from yesterday and have to break this for further price up movement. Otherwise we will see down movement to at least drawn buy area which is good long/buy entry.
-MACD baselines are near bearish crossing which brings buyers into the market
-RSI is near resistance and heavy overbought area
-market price near upper bollinger bands which implements incoming correction movement
- market price reached 100 day moving average on daily which is strong resistance and sell entry