Pivot: 118
Our preference: Long positions above 118 with targets @ 119.5 120.1 in extension.
Alternative scenario: Below 118 look for further downside with 117.4 117.05 as targets.
Comment: A support base at 118 has formed and has allowed for a temporary stabilisation.
Supports and resistances:
120.65 **
120.1 **
119.5 ***
118.35 Last
118 ***
117.4 ***
117.05 **
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