After rejecting the daily price flip resistance level price has sold off lower.
Price is now looking to move into the next support level that would be a real test to just how strong the bears are in this market.
Whilst there has been a reversal lower forming in recent times we could expect some support at this next level.
Aggressive traders could be watching this level for a quick move back higher.
More conservative traders could be watching for a rotation back higher and then to look for short trades with the recent moment lower.
Price is now looking to move into the next support level that would be a real test to just how strong the bears are in this market.
Whilst there has been a reversal lower forming in recent times we could expect some support at this next level.
Aggressive traders could be watching this level for a quick move back higher.
More conservative traders could be watching for a rotation back higher and then to look for short trades with the recent moment lower.
