Going long here, and will go long if it drops a bit more because we recently just rebounded from 348, and we're not too far from that again. If we do go lower it'll be even better to long from there. It would be strange if we don't get more action. (We got a nice rebound at the important 350 area, and it wouldn't make sense to drop to that again - if we do it's time to buy again. But here is also a really important area to look at.
The last low was at 344, and we expect that in the future there will be also higher lows.
I haven't considered the timeframe for this move quite yet, so the arrow up isn't an estimation of time.