I keep looking at the yearly chart and I keep becoming more negative each time I look at it. 2011 showed a very nasty red candle with a 24c low. Highly unlikely that a candle such as that won't be followed by new lows in the next 2012 candle.
I originally thought that najor support around 17c would hold. However, with such an awful 2011 candle it should actually break that support so I'm now thinking down to around 12c, incidently where there is a gap from April 2009.
Still find it hard to believe with current fundamentals but that is what I'm envisioning from the yearly and monthly charts.
EC
so where are we actually at?, page-16
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