Pivot: 51.6
Our preference: Short positions below 51.6 with targets @ 49 48.5 in extension.
Alternative scenario: Above 51.6 look for further upside with 52.5 53.3 as targets.
Comment: As long as the resistance at 51.6 is not surpassed, the risk of the break below 49 remains high.
Supports and resistances:
53.3
52.5
51.6
50.3 Last
49
48.5
48
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