yeh i saw that too. somebody doesnt want this to break out on departing from cloud cookoo.
typical breakout behaviour lately would mean a swift test of the new upper channel, (somewhere around 78c right now).
FWIW, at $2 we still only have a value of 93c/JORC Fe tonne, which is well below the $1.20 average i have seen being used by some brokers.
that's without the upgrades.