Pivot: 48.4
Our preference: Short positions below 48.4 with targets @ 45.95 45.05 in extension.
Alternative scenario: Above 48.4 look for further upside with 49.65 51.4 as targets.
Comment: As long as the resistance at 48.4 is not surpassed, the risk of the break below 45.95 remains high.
Supports and resistances:
51.4
49.65
48.4
47.44 Last
45.95
45.05
44.2
Copyright 1999 – 2015 TRADING CENTRAL