Pivot: 1178
Our preference: Long positions above 1178 with targets @ 1233 1255 in extension.
Alternative scenario: Below 1178 look for further downside with 1130 1080 as targets.
Comment: A support base at 1178 has formed and has allowed for a temporary stabilisation.
Supports and resistances:
1309 **
1255 *
1233 *
1188.8 Last
1178 ***
1130 *
1080 *
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