Pivot: 47
Our preference: Short positions below 47 with targets @ 45.56 45.16 in extension.
Alternative scenario: Above 47 look for further upside with 47.6 48 as targets.
Comment: As long as 47 is resistance, likely decline to 45.56.
Supports and resistances:
48
47.6
47
46.11 Last
45.56
45.16
44.3
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