Price has opened and held above the Daily R1 at 8450. A minor resistance at 8550 and above that the Daily R2 at 8900. A sharper move up will ran into the upper channel and higher tf S/R level at 9500 which is more of a zone on the Daily chart 9200-500. If price breach the trendline and break above and hold with a close, price has entered the Daily Cloud and further gains are likely, with a first target by the Weekly R2 at 10800. If price falls back current support on intraday is at 8150 and below that the untraded Weekly pp/Daily S1 and lower Cloud at 7700. Overall, price is advancing above the Cloud and with a close above will produce a buy signal, which marks a trendshift on this timeframe. Trendfollowers will enter on a close above or wait for a retest of the breakout level (conservative approach) Considering the strong resistance right above price now, the latter might be wiser.