Pivot: 49.2
Our preference: Long positions above 49.2 with targets @ 50.9 51.4 in extension.
Alternative scenario: Below 49.2 look for further downside with 47.7 46.9 as targets.
Comment: A support base at 49.2 has formed and has allowed for a temporary stabilisation.
Supports and resistances:
52
51.4
50.9
49.76 Last
49.2
47.7
46.9
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