We discussed this market last week and the important support level that was propping up prices.
Price has since formed a 4 hour chart pin bar at this level that has sent prices higher.
Price now comes to an interesting resistance. If price can break this, then the yearly highs for this market would quickly come into play for the next bullish leg higher.
In yesterday's trade ideas we looked at this market and the support level price was moving into on the 4 hour chart.
Price has now held at this area and made a small push back higher.
If price can now break the intraday resistance around 11545.47 we could see another leg higher to continue the longer term trend.
