MOS Ready To Resume Up Move?

All of the action in The Mosaic Company (MOS) off of its August 20 high at 59.99 into this morning's low at 56.67 has the right look of a completed, or very nearly completed, correction.

If accurate, this means that the price structure is readying itself for the start of another upleg within its larger, 11-month base-like accumulation pattern that projects considerably higher prices at 65.00 in the upcoming weeks and months.

Only a decline that breaks and sustains beneath 56.00 on a closing basis will compromise the timing of the anticipated next upleg.