Our pivot point stands at 1235.
Our preference: a daily close above 1361 would call for a re-test of the 1434 area.
Alternative scenario: below 1235, expect 1180 and 1134 in extension
Comment: The rising 20D 50D MAs maintain the upside bias.
Trend: ST rise; MT bullish.
Supports and resistances:
1485
1434
1361
1319 Last
1235
1180
1134
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