Looking at the June contract, I see a clear break out from the recent fall that started from $1820. A retest of the recent lows at $1690 won't surprise me. But sustained trading below that level will be extremely concerning. I am not expecting that myself by the way! I'm expecting a nice bounce from here towards the $1800 - $1900 level followed by the $2000 psychological level. I believe once we get back above the $2000 psychological level, we will not dip below it until we at least test the $3000 - $4000 area first.