Pivot: 40
Our preference: Short positions below 40 with targets @ 37.75 37 in extension.
Alternative scenario: Above 40 look for further upside with 40.6 41.25 as targets.
Comment: As long as 40 is resistance, likely decline to 37.75.
Supports and resistances:
41.25
40.6
40
39.47 Last
37.75
37
36.2
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