A breakaway type session would be more impressive, but holding the 54.00 resistance level today indicates that it is now support and could preclude the death of the old 51-54 trading range.
Trend following indicators show both the 9 day and the 50 day SMA to be trending higher now, with the 9 day crossing over the 50 day last week. The 9 day average will now trail prices as support on any pullback.
Momentum wise indicators are starting to pick up, with the RSI indicator now at 61.32.
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