Bodycote might rebound on the significant threshold currently tested.

In the short term, the bearish trend has known a weakening close to the GBp 499 mid-term support after the brexit vote. A new bullish trend is forming toward the 20-day moving average at GBp 560/570.

Ideally, investors will take a long position nearby the GBp 499 big support currently tested, in order to benefit from a technical rebound. The GBp 557 is the first goal. This strategy should be covered by a stop loss placed under the support because a breakdown of this level would invalidate the upward strategy.