Pivot: 1234
Our preference: Long positions above 1234 with targets @ 1255 1265 in extension.
Alternative scenario: Below 1234 look for further downside with 1227 1218 as targets.
Comment: the RSI has just broken above a declining trend line.
Supports and resistances:
1278 **
1265 **
1255 **
1251 Last
1234 **
1227 **
1218 **
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