rallied strongly to post a 7-year high at 52.56 ( April
16, 2015) near the 61.8% retracement
of the 73.11/19.35 fall, before consolidating. The Technical indicators remains positive (on all time frames), reinforcing the bullish
price action. Immediate support lies at 47.88 (21 day moving average, not shown on chart). Below rests 44.96 ( April
1, 2015 low, near 55 day moving average) which should hold dips. If bulls manage to reclaim 52.56, that would accelerate the year-long uptrend towards 54.94 (May 1, 2008 lower high, near 76.4% of the 73.11/19.35 fall) next.
Short term: buy on pullbacks
Long term: bullish