Pivot: 1096
Our preference: long positions above 1096 with targets @ 1105 1110 in extension.
Alternative scenario: below 1096 look for further downside with 1091 1086 as targets.
Comment: intraday technical indicators are mixed and call for caution. Indeed, prices failed to accelerate after the upside breakout of the 1105 area and a break below 1196 would validate a Head and Shoulders: a bearish reversal pattern.
Supports and resistances:
1114
1110
1105
1103.72 Last
1096
1091
1086
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