Pivot: 16.5
Our preference: Short positions below 16.5 with targets @ 16.15 15.93 in extension.
Alternative scenario: Above 16.5 look for further upside with 16.75 16.9 as targets.
Comment: As long as 16.5 is resistance, likely decline to 16.15.
Supports and resistances:
16.9 **
16.75 *
16.5 ***
16.396 Last
16.15 **
15.93 **
15.78 **
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