Spot Price: 2.0250
Technical Analysis:
Sharp three day losses culminated in an indicated low of 2.0183 by the 78.6% of the 06-24 Jul move. The damage to the longer-term bull trend has been severe and a further run lower is favored following minor bout of consolidation. We are looking for better sell levels and we have set a tentative trigger at the 2.03 pivot point.