MONTHLY CONTINUATION CHART: Following the break of the 21.185 2008 high we turned attention to a Fibo projection near 29.00, which was easily reached.

The chart remains in a strong position for now.

DAILY CHART - MAR-11:

A new 2010 high was seen last week, but note the negative RSI divergence at the time -are bulls tiring?

First confirmation of fatigue would come from a drop through the small channel base projection at 26.50 currently, with a further sign of weakness to come from a break of recent support near the 25.00 level.

In the Commodity Specialist Guide we had already been waiting to see if the chart structure was changing, heralding a longer-lasting pullback/consolidation phase. We await developments.