Have just updated my 1 month chart so might as well share it in a new post. It seems that buyers are coming back in. We’re still in the channel that I’m getting very used to drawing in by now. The weakness that I feared in my last post didn’t amount to anything, in fact by the look of it we have recovered back into the top half of the channel.
I think the next test will be around the $30 mark or about $31.5 where the all time high is. Would expect might see some resistance there. The upwards pressure in price does seem phenomenal at times though. If we get past that perhaps new all time highs are not that far away and then the skies the limit.