ProLogis is up four days in a row, gaining 1.17% and closing at $125.16

A quick look at yesterday: bullish sentiment helped the real estate investment trust to hammer out a noteworthy $122.75 to $125.41 range yesterday, and finally closing at $125.16 to end the session.

United States Philadelphia Fed Manufacturing Index (Apr) is next today at 12:30 UTC.

On the flip side, highly important Crude Oil Inventories data from United States beat analyst expectations of -1 million with a reading of -4.58 million.

At the same time, United States 20-Year Bond Auction released yesterday at 17:00 UTC with a figure of 3.92, while the previous figure was 3.909. United States Cushing Crude Oil Inventories came out at -1 million, while a consensus of analysts was expecting 622,000.

ProLogis's upper Bollinger Band® is at $127.79, this is a slight indication of a slowdown. ProLogis could be slowing down soon; it is getting close to the resistance line and is now at $126.13, only 97 cents away. Crossing the resistance line could, however, suggest that further gains are ahead. In contrast, ProLogis is currently trading around the $124.77 Fibonacci resistance level.

Despite basking in an uptrend and bullish intraday sentiment, chart analysis indicates ProLogis is set for a reversal in the coming days.

Furthermore, the market is looking at United States Initial Jobless Claims projected to come out at 240,000 — worse than previous data of 239,000; data will be released today at 12:30 UTC.

Furthermore, the market is looking at United States Philadelphia Fed Manufacturing Index (Apr) scheduled to come out today at 12:30 UTC. United States Existing Home Sales (Mar) is expected today at 14:00 UTC.

The US REIT has fallen back around 28.5% from the significant high of $173 set 11 months ago.