The range is formed by the Jan. 7 low and the 23.6 percent Fibonacci projection level of an upward wave c, the third wave of a three-wave cycle from the Dec. 14, 2015 low of 14.23 cents.
A break below 14.33 cents will confirm the continuation of the downtrend from the Dec. 4, 2015 high of 15.85 cents, towards 13.76 cents, as pointed by a dotted trendline parallel to the upper trendline of a wedge.
A break above 14.62 cents could lead to a gain to 14.79 cents, the 38.2 percent level.