Pivot: 48.8
Our preference: Short positions below 48.8 with targets @ 47 45.3 in extension.
Alternative scenario: Above 48.8 look for further upside with 50.2 51.15 as targets.
Comment: As long as the resistance at 48.8 is not surpassed, the risk of the break below 47 remains high.
Supports and resistances:
51.15
50.2
48.8
47.26 Last
47
45.3
44
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