1) Trend is up; 2) Prices bounced of support at 82.70 ; 3) EMA 50 crossed above EMA 200; 4) RSI bottoming at around 45%, with a positive reversal in place ( See Vertical gray lines); 5) Resistance(s): 84.10 - 85.90; 6) Support(s): 82.70 - 81.25;
Trading Implications:
Buy at market open; Target (s): upper Channel with 85.90 to clear first; Stop: on a 2 days close Below 82.7, or an 2% break below it being 81.05 ;