NEM – Newmont Mining (Last:58.71)

Newmont looks bound for a minimum 60.72 over the near term, but any higher would indicate 62.48.  That’s a smidgen shy of the watershed high recorded at 62.72 early in 2006, but a breach of the pivot would imply that the peak is likely to be exceeded. Above it we could use a 71.14 target from the weekly chart to guide us.