Pivot: 1322
Our preference: Long positions above 1322 with targets @ 1338 1346 in extension.
Alternative scenario: Below 1322 look for further downside with 1308 1296.5 as targets.
Comment: a support base at 1322 has formed and has allowed for a temporary stabilisation. 1322 coincides with the 61.8% Fibonacci retracement level.
Supports and resistances:
1354
1346
1338
1331 Last
1322
1308
1296.5
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