Daily MACD – The MACD just made a move higher and it looks like a larger bounce could be coming.
Major Support Level – I will be watching the $295 level to hold. That seems to be right at where the trend line is and price bounced off it a couple times.
Major Resistance Level – The price could breakout of this range to the upside hard but we will need to see price breach that top line below. That is around $320.