The price breaks the support line of a pennant
chart pattern. We have a signal that the market is going to move lower. MACD
confirms downward movement. The next support zone
is formed by 55.00, 50.00 support levels and SMA50, SMA100. Probably this zone will be a starting point for a new upward movement. We should watch closerly for price action at this zone and wait for price reversal signals. Based on these confirmed reversal signals we'll be able to open long positions.