Pivot: 1361
Our preference: Short positions below 1361 with targets @ 1180 1134 in extension.
Alternative scenario: Above 1361 look for further upside with 1434 1485 as targets.
Comment: the RSI is capped by a declining trend line. The break below 1265 is a negative signal that has opened a path to 1180.
Supports and resistances:
1485
1434
1361
1232 Last
1180
1134
1080
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