A five-wave cycle from the Dec. 27, 2018 low of $8.80-1/2 looks incomplete. It has been unfolding within a rising channel, which suggests a target around $9.38, the 214.6 percent projection level of the uptrend from $8.92.
The fifth wave labelled 5 has just started, travelling towards $9.29-3/4. Support is at $9.18-1/2, a break below which could cause a loss to $9.13-1/2.
On the daily chart, the contract is riding on a wave C, the third wave of a three-wave cycle from the July 16, 2018 low of $8.46. This wave could eventually travel to $9.58, its 123.6 percent projection level, which is pointed by a rising channel as well.