Pivot: 55
Our preference: Short positions below 55 with targets @ 44 40 in extension.
Alternative scenario: Above 55 look for further upside with 64 70 as targets.
Comment: As long as 55 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
70 **
64 **
55 ***
49.26 Last
44 **
40 **
36.8 **
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