Prowiz - I agree, the chart is starting to look quite constructive.
Short-term, 2.5c is the key level for me. I'd like to see it push through that on the weekly as we've had a few cracks at it over the years (see the weekly below) but haven't managed to hold.
BUT, for the first time we're above the 200 EMA as we commence another assault on 2.5 which provides a much stronger support / firm base from which to move.
A bit of volume and a convincing move above 2.5, combined with the great FA outlined above could see a re-rate on. Regardless, it's clear over the past year that we've settled into a comfortable trading channel which gives me confidence risk is to the upside on this one.
GLTAH DYOR
