Pivot: 49.5
Our preference: Short positions below 49.5 with targets @ 47 45.3 in extension.
Alternative scenario: Above 49.5 look for further upside with 51.15 52.5 as targets.
Comment: As long as 49.5 is resistance, likely decline to 47.
Supports and resistances:
52.5
51.15
49.5
48.56 Last
47
45.3
44
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