The metal inched higher yesterday, but is trading close to the resistance 16.27 with the beginning of the European session. A break above the referred to 16.27 is required to confirm extending the bullish correction towards 16.78 and perhaps 17.00. From the downside, stabilizing above 15.84 is significant intraday to keep the positive outlook.
Linear Regression Indicator 34, 55 and MACD are trading positively. But to confirm that RSI breached line 50 to the upside, the metal should breach the resistance 16.27 and stabilize above it.