BRN: Watching the 1.05 level for a bounce or a break

Keep an eye on $BRN around 1.05. It's been hovering in this range and that 1.05 mark seems to be acting as a bit of a magnet. If we get a sustained bounce off it, then maybe we could see it challenge the 1.085 highs again. My concern, and what would invalidate that scenario for me, is a clear break and hold below 1.05, particularly if it's accompanied by increased volume. At that point, the picture gets considerably murkier for the bulls, and I'd be looking for lower support levels.