The contract is riding on an upward wave "B", unfolding towards the 61.8 percent Fibonacci retracement on the fall from $6.70-3/4 to $6.24-1/2. A downward wave "C" will start around $6.53, to progress towards the wave "A" trough, as the retracement from Jan. 4 high of $6.70-3/4 will consist of three waves. A rise above $6.53 will extend to $6.59-3/4, the 76.4 percent Fibonacci retracement. No information in this analysis should be considered as being business, financial or legal advice. Each reader should consult his or her own professional or other advisers for business, financial or legal advice regarding the products mentioned in the analyses.