Daily Support Coming Into Play

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.