Pivot: 1305
Our preference: Long positions above 1305 with targets @ 1322.7 1329 in extension.
Alternative scenario: Below 1305 look for further downside with 1301.5 1297 as targets.
Comment: A support base at 1305 has formed and has allowed for a temporary stabilisation. Prices have broken above a ST declining trendline.
Supports and resistances:
1335
1329
1322.7
1308 Last
1305
1301.5
1297
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