As the chart shows we've been in a pretty clear channel for the past 1yr, the past few weeks we have been testing the support and bears have been looking to break out of the bottom of the channel, so far with no success, last week we started getting the price back up off the support and if you look at the chart, everything indicates that for now the only way is up. Things to look out for this week is first breaking through 1296, then smashing through the big old 1300 barrier, hopefully heading towards 1310 for the end of the week.