Pivot: 49.5
Our preference: Short positions below 49.5 with targets @ 47.4 46.65 in extension.
Alternative scenario: Above 49.5 look for further upside with 50.5 51.4 as targets.
Comment: As long as 49.5 is resistance, likely decline to 47.4.
Supports and resistances:
51.4
50.5
49.5
48.21 Last
47.4
46.65
45.95
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