Pivot: 119.7
Our preference: Short positions below 119.7 with targets @ 119 118.75 in extension.
Alternative scenario: Above 119.7 look for further upside with 120.05 120.3 as targets.
Comment: Even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.
Supports and resistances:
120.3
120.05
119.7
119.26 Last
119
118.75
118.5
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