Pennant rescue team comes in near to close of trading for July : 2013-07-31 23:44 BST

The Pennant Rescue Team has come in near to close of trading for July and reversed most of the pennant breakdown. However, a short term downtrend channel has also formed that is parallel to the longer term downtrend in force since the mid-April crash. The bulls have shown some spirit, bringing the price just back into the apex region of the pennant: