Technically Speaking

The bullish signals have continued to do well with the Fibonacci retracement levels of the April-May downturn still providing resistance, most notably at the 61.8 percent level. The short-term technical indicators are bullish in terms of both the MACD, Parabolic-SAR and Alpha-Beta trend where the signal line has now crossed the upper line. For a stronger signal we need to see this signal line cutting below the lower line.
The initial signal of the latest upturn is marked by the black arrows on the Parabolic-SAR and the MACD.