Friday’s call was for a move to 91.30 symmetry and then a shallow correction. The correction we are looking for is Wave IV of the rally from 77 which implies another rally to new highs. At 91.88 prices reach the head & shoulders bottom projection target; at 93 a symmetry target is met. So once this correction is complete we still expect one more push towards 92/93 before a more important consolidation. (ch1) S/t, choppy trade since Friday can be considered a triangle and if this is the case it would leave a very shallow correction but a valid one nonetheless. Support going forward is 90.75/33 with upside resistance at 91.41. Further back and fill followed by an eventual break of 91.41 can set the stage for one more push to 92/93. (ch2) Levels: Support – 90.75, 90.33, 90.25 Resistance – 91.41, 91.88, 93
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