Although an initial rally was posted, sellers emerged and follow through momentum resulted in all the previous day's gains being overturned.
The candle on the is negative for sentiment.
Although the bulls are in control, the stalling positive momentum indicates a possible turnaround is possible.
Rally capped by the daily .
Further downside is expected although we prefer to sell into rallies close to the 56.00 level.
We look to Sell at 56.00
Target 1: 54.50
Target 2: 53.50