Pivot: 47.7
Our preference: Short positions below 47.7 with targets @ 45.6 44.75 in extension.
Alternative scenario: Above 47.7 look for further upside with 48.25 49.2 as targets.
Comment: As long as 47.7 is resistance, likely decline to 45.6.
Supports and resistances:
49.2
48.25
47.7
46.69 Last
45.6
44.75
44
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