Pivot: 40
Our preference: Short positions below 40 with targets @ 38.7 38.2 in extension.
Alternative scenario: Above 40 look for further upside with 40.6 41.25 as targets.
Comment: As long as the resistance at 40 is not surpassed, the risk of the break below 38.7 remains high.
Supports and resistances:
41.25
40.6
40
39 Last
38.7
38.2
37.3
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