Pivot: 45
Our preference: Long positions above 45 with targets @ 57.5 61 in extension.
Alternative scenario: Below 45 look for further downside with 41 36 as targets.
Comment: The RSI has broken up its 30 level. A support base has formed around 45, which should limit the downside potential.
Supports and resistances:
69.5 **
61 **
57.5 *
50.21 Last
45 ***
41 **
36 **
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