Pivot: 1202
Our preference: Long positions above 1202 with targets @ 1227 1245 in extension.
Alternative scenario: Below 1202 look for further downside with 1187 1167 as targets.
Comment: a support base at 1202 has formed and has allowed for a temporary stabilisation.
Supports and resistances:
1266
1245
1227
1208 Last
1202
1187
1167
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