There does tend to be a bounce from the end of April into the 3rd week in May that I've been thinking about. (see seaonal trend link bottom left). The price chart suggests solid support at the $1600 to $1577 area. "IF" price gets there I'll be looking at it. But yes the overall trend from about Feb onwards is a sideways zig zag down to a summer low. Right now the trend is down short and medium term. Also notice all the major moving averages converging. Price tends to explode out of that pattern as well. So technically not a bullish chart or trend especially with the seaonal trend down into summer. BUTTTTTTTTT a possible and likely trade off of the $1600 area nearby.