The resistance is at the 38.2 percent Fibonacci retracement on the fall from $100.42 to $88.95, blocking the way towards $94.69, the 50 percent level.
The gain on Monday indicates the rebound from the Sept. 26 low of $88.95 has extended.
Driven by an upward wave c, the rebound may reach $94.69, as wave c is expected to develop at least the same length as that of wave a.
Support is at the presumed wave b trough of $91.26, a break below which will suggest a resumption of the preceding downtrend that started at $100.42.
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