Pivot: 1261
Our preference: Short positions below 1261 with targets @ 1241 1235 in extension.
Alternative scenario: Above 1261 look for further upside with 1268 1276 as targets.
Comment: As long as 1261 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
1276
1268
1261
1253 Last
1241
1235
1223
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