Pivot: 47
Our preference: Short positions below 47 with targets @ 43.2 41.75 in extension.
Alternative scenario: Above 47 look for further upside with 48.7 49.4 as targets.
Comment: As long as 47 is resistance, likely decline to 43.2.
Supports and resistances:
49.4
48.7
47
46.7 Last
43.2
41.75
39.8
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