Pivot: 1283
Our preference: Short positions below 1283 with targets @ 1270 1266 in extension.
Alternative scenario: Above 1283 look for further upside with 1292 1296 as targets.
Comment: Even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.
Supports and resistances:
1296
1292
1283
1278.45 Last
1270
1266
1259
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