This morning, the price broke below $4,234, making the outlook clearly negative.

• For today, if the rebound fails to pass $4,255, it is expected to be a dead-cat bounce before moving lower, with the first resistance at $4,200–$4,226.

• Open short positions if the price fails to break above $4,200–$4,226 (Stop loss on short positions if it breaks above $4,255).

• Cover/buy back short positions if the price holds above $4,140–$4,136; if it drops below $4,136, delay covering to target the next support area around $4,115–$4,109.