Pivot: 1240
Our preference: Short positions below 1240 with targets @ 1125 1080 in extension.
Alternative scenario: Above 1240 look for further upside with 1297 1350 as targets.
Comment: As long as 1240 is resistance, expect a return to 1125.
Supports and resistances:
1350 *
1297 **
1240 ***
1226.1 Last
1125 ***
1080 **
1040 *
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