WEEKLY CONTINUATION CHART: Earlier resistance from the 19.40 area was challenged recently, but the will wasn't there to break through.

Meanwhile note the 23.6% pullback level at 17.20 -key, pivotal support when combined with the 17.15 level on the Daily front month chart below.

DAILY CHART - SEP-10:

The current consolidation continues here, with key support remaining at the 17.15 05-May low, so far avoiding momentum loss.

Note how this low nicely coincides with 23.6% on the Weekly continuation chart -a break below would be a clear s/term bear sign.

Meanwhile the higher Fibo projection, around 20.80, stays out of reach for now.

In the Commodity Specialist Guide we have maintained a bullish stance, but are ready to change.