Pivot: 1170
Our preference: Short positions below 1170 with targets @ 1097 1073 in extension.
Alternative scenario: Above 1170 look for further upside with 1205 1230 as targets.
Comment: The price moves sideways between the support at 1097 and resistance at 1170. The technical picture remains neutral as long as the rate between these limits camped. An outbreak above or below one of these levels gives the new direction on a daily basis.
Supports and resistances:
1230 *
1205 **
1170 ***
1151.22 Last
1097 **
1073 ***
1040 *
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