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Incidentally, I'd now say that the resistance at 15.5c is the major resistance hanging over from the Christmas highs, and that this is some downchannel level predicted by price based chartists. Once it closes at 16c or higher, it will get to that 29c target I have set with much more ease than I earlier thought.

Essentially, the tough resistance I had pencilled in at 18c is actually occurring at 15.5c, and that it will taper off up to the 18c point, and then it should really fly. Price based chartists at this point would say there is no overhead resistance after 18c.