Yesterday at a glance: the chemical products and ammunition manufacturer went up to $56.56, gaining 1.91%.

United States JOLTs Job Openings (Feb) is next today at 14:00 UTC.

Meanwhile, United States ISM Manufacturing PMI (Mar) came out at 46.3, while a consensus of analysts was expecting 47.5. United States ISM Manufacturing Employment (Mar) released yesterday at 14:00 UTC with a figure of 46.9, while the previous figure was 49.1. United States ISM Manufacturing Prices (Mar) released yesterday at 14:00 UTC with a figure of 49.2, while the previous figure was 51.3.

Trend-following investors would be interested to note that the Commodity Channel Index (CCI) indicator is above +100, meaning the market price is unusually high compared to the rolling average. Olin is currently trading around the $56.38 Fibonacci resistance level. According to asset volatility analysis, Olin's upper Bollinger Band® is at $57.23, this is a slight indication of a slowdown. Visual analysis of Olin's chart shows that Olin could be slowing down soon as it approaches resistance at $57.3. Of course, crossing it might suggest further gains are ahead.

Overall, while Olin has been on an uptrend, technical indicators suggest that it has no obvious direction for the immediate future.

A look at other materials stocks also showed bullish price action as Linde traded at $358.1 after closing yesterday's trading day at $355.44 (up 0.75%).

Olin went up yesterday, yet these materials stocks did not follow — BHP Billiton went down to $62.81, losing 0.95% after it closed at $63.41 yesterday. Rio Tinto closed at $68.09 (down 0.74%).

Yesterday's gains have given market bulls further impetus to expect strong macro data going forward, such as United States Crude Oil Inventories is projected to outperform its last figure with -1.8 million, having previously been at -7.49 million. The figure will be published tomorrow at 14:30 UTC.

Elsewhere, United States ADP Nonfarm Employment Change (Mar) will be released tomorrow at 12:15 UTC. United States JOLTs Job Openings (Feb) is scheduled for today at 14:00 UTC.

Olin hit a significant low of $42.21 around 6 months ago, but has since recovered 31.49%.