The metal witnessed a weak upside move yesterday. Despite the weakness of the upside move, we notice that the price stabilized above 38.2% correction at 17.07 showing on graph and is trading above the bullish key support that is carrying the price from the lowest at 14.29.
There are negative signals showing on MACD and Linear Regression Indicator 34, which requires stability above 17.93 to confirm extending the upside move today. From the downside, breaking 16.70 fails the bullish possibilities.