Geopolitical tensions in The Ukraine and Iraq have lead to a rally of $22 (about %1.5). Currently, a flag formation appears to be forming at around $1309.7. For the short term, $1319.8 can be seen as a resistance and a target. If this resistance is broken $1327 can be a potential. Also look at for a break under the support like of $1302.3 in the potential ease of geopolitical tension.