Pivot: 120.75
Our preference: Short positions below 120.75 with targets @ 119.6 119.2 in extension.
Alternative scenario: Above 120.75 look for further upside with 121.2 121.75 as targets.
Comment: Even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.
Supports and resistances:
121.75 ***
121.2 ***
120.75 ***
120.33 Last
119.6 ***
119.2 ***
118.9 ***
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