watch this jump, page-43

Looking at the 1-year chart, you can see there has been a clear downtrend for the past 10 months or so. I'm a bit cautious here guys, a bit worried if we don't break that upper descending trading channel, we may hit $31 again. I'd be very cautious about buying at this level, but that's my take on it.

So $31 is the next support level I would say if it goes down, and $35 is the next level of resistance up, which it hit earlier this week and quickly reversed from there. I'm kind of bearish at the moment guys, I would be cautious about going long here without that $35 level being broken convincingly. And it needs to break $35, otherwise it's a double-top, which makes me even more bearish.

Just my 2 cents worth though. Just following the charts.