Technical summary:
What looked like a sure bet towards the downside yesterday, was quickly reversed and the short-term picture has turned a bit messy. The b-wave triangle could turn out to be larger than we first expected, but ultimately the outcome should be the same, which is a downside thrust out of the triangle towards 130.00.
Only a break above resistance at 137.35 will change the picture in favor of the bullish scenario.
Trading recommendation:
Our stop at 136.20 was hit. We will sell again near 137.00 with a stop placed at 137.45
