Watching the $BNO 53.74 level closely after today's move

After today's solid push, $BNO closed up over 2% at 53.49, having touched 53.74 intraday. I've been tracking this one for a bit, and that 53.74 level feels pretty significant to me. It's not just today's high; looking at the charts, it's acted as resistance a few times over the past couple of weeks, right after we saw that mini-breakout higher. Each time it's been tested, it's rejected price, so for now, I'm considering it a key area.

My take is that if we can get a sustained break and close above 53.74, especially on decent volume, it could signal a continuation of this upward momentum. The risk to that scenario, of course, would be a strong rejection at that level again, perhaps with price falling back towards the 53.05 support we saw tested earlier today. If it can't hold that, then my whole read on the potential for a breakout would likely be invalidated, and we'd probably be looking at a retest of lower levels. Just my two cents, interested to hear what others are seeing.