MONTHLY CHART: See how, so far, the 76.4% pullback level has provided good shorter term support.

What type of recovery can now be seen is unclear.

WEEKLY CHART: On the Weekly chart we have now marked in certain retracement levels.

The 23.6% mark just below 115.00 has now been tested, and note how higher 38.2% nicely coincides with the 119.63 Feb low.

DAILY CHART:

In the Commodity Specialist Guide we have been waiting for violation of the 113.41 21-Jun high to provide a bull signal, now given.

S/term pullbacks should be temporary - ideally support comes at/above the 110.00 area now - a chance for buyers on dips.

Beyond the 114.83/115.17 dual Fibo retracement area our main focus would centre on the 119.63 Feb low, just below which is 38.2% from the Weekly chart and just above a 61.8% level on this chart - resistance is likely here, a chance for some profit-taking.