Pivot: 16.88
Our preference: Long positions above 16.88 with targets @ 17.4 17.65 in extension.
Alternative scenario: Below 16.88 look for further downside with 16.67 16.5 as targets.
Comment: A support base at 16.88 has formed and has allowed for a temporary stabilisation.
Supports and resistances:
18 **
17.65 ***
17.4 **
17.121 Last
16.88 ***
16.67 *
16.5 *
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