Pivot: 47.9
Our preference: Short positions below 47.9 with targets @ 46.4 45.95 in extension.
Alternative scenario: Above 47.9 look for further upside with 48.5 49 as targets.
Comment: As long as 47.9 is resistance, likely decline to 46.4.
Supports and resistances:
49
48.5
47.9
47.07 Last
46.4
45.95
45.5
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