Pivot: 48.45
Our preference: Short positions below 48.45 with targets @ 37.5 33 in extension.
Alternative scenario: Above 48.45 look for further upside with 51 56.5 as targets.
Comment: As long as 48.45 is resistance, likely decline to 37.5.
Supports and resistances:
56.5 **
51 **
48.45 ***
41.86 Last
37.5 ***
33 **
28 **
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