Seeing some large Bids PM in the high .60s and low .70s. Very little if any profit taking this morning which leads me to believe this is going to see a decent spike back to the mid .90s before re-testing support. I can see this dipping to the 0.618 Fib but, probably not much lower than that. The 50EMA seems to be a good support if we slip past the 0.618 Fib in the dip just before open again not likely.
Cup and handle on the hourly. If we get some volume after initial spike this could see yesterdays highs.
Cup and handle on the hourly. If we get some volume after initial spike this could see yesterdays highs.