Primed for a break out, page-33

Good morning Auto.

My take on the next level of resistance is the 18.5c mark, representing the current crossover point for the line drawn on the chart below. This chart covers the most recent highs seen in the past approx. 8 years. The other interesting item to note on the chart is if you run your eye across at the 15c level, you can clearly seen how important that number has been over this period as both a resistance and (at times) support number.




So, to summarise - bust through 15c and then the next target is 18.5c, Bust through that level and I see clear air at least into the 21c level.