A price action above 51.00 supports a bullish trend direction. Increase exposure for a break above 53.00. The target price is set at 60.00. The stop-loss price is set at 49.00. Testing its 38.2% Fibonacci retracement level, which is also close to the confluence of the 200-day and 200-week simple moving averages. Furthermore, the price action to the lower range of the inclining channel pattern might support a bullish price action as well.