[IMG] To be honest, anything above 3.5 may produce that effect,...

To be honest, anything above 3.5 may produce that effect, possibly even 3cps. As these are quite old levels of potential resistance.
The 4.2 level is from September 2014 and earlier.
It is a valid resistance line no doubt, however I imagine a lot of the supply that was locked in there has probably sold for a loss, and isn't waiting there any longer.
So there may not be very much serious supply waiting above 3.5, although we won't know for sure until price gets there and tests it.
In the mean time we can only speculate......

I think the biggest problem is the lack of trust the market has in the Middle East generally, and in Alara itself, after having so many difficulties in the past.

cheers