Pivot: 47.35
Our preference: Long positions above 47.35 with targets @ 49 49.65 in extension.
Alternative scenario: Below 47.35 look for further downside with 46.65 45.95 as targets.
Comment: The immediate trend remains up and the momentum is strong.
Supports and resistances:
50.55
49.65
49
48.5 Last
47.35
46.65
45.95
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