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Minor Pullback for KGC

Kinross Gold Corp. (KGC) is in the midst of what should be a relatively minor pullback in the aftermath of its sharp up-leg from the Feb 15 low at 10.13 to the Feb 23 high at 11.68. Key near-term support rests between 11.35 and 10.95, which should contain the weakness ahead of another up-leg that climbs to challenge the Dec-Feb resistance, now at 11.88 and the prior rally peak of 11.95 from Jan 26.

A sustained hurdle of 11.88-11.96 resistance should trigger upside continuation and acceleration towards 13.00. Only a break of 10.95 will begin to compromise the timing of the expected next up-leg.

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