Pivot: 48.2
Our preference: Long positions above 48.2 with targets @ 51.15 52.05 in extension.
Alternative scenario: Below 48.2 look for further downside with 47.55 47 as targets.
Comment: The RSI broke above a declining trend line.
Supports and resistances:
52.55
52.05
51.15
50.5 Last
48.2
47.55
47
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