Spot Price: 122.30
Technical Analysis:
Short again a bit belatedly on the break below the June 25 swing low of 122.25. With hourly studies remaining deeply oversold our very tight stop above the 122.35 is threatened. Daily studies are quite bearish and argue for an eventual test of the Jun 11 and 13 lows at 121.50 - also a daily uptrend line there today. 122.07 is the immediate support
The MACD is after a bearish cross but the RSI is starting to point up.