In either of the 2 cases we have presented to account for this 4+ month triangle, a hold of 96.57 is critical. Also a rally is expected under both scenarios. The range for the expected resolution of the coil is 104-106. Upside resistance is 99 and then the down trendline at 100. Finally a move above 100.60 confirms the bullish pattern. S/t, the a-b-c choppy pullback reached symmetry targets overnight within a developing bull flag. The intraday pivot zone to watch to usher further gains is 97.60; bull flag resistance is 98.00. A bullish doji is forming today that is signaling a possible low developing near key support. (hourly) Levels: Support – 96.94, 96.57, 95.81 Resistance –97.60, 98.00, 99.00
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