Pivot: 121.95
Our preference: short positions below 121.95 with targets @ 121 120.55 in extension.
Alternative scenario: above 121.95 look for further upside with 122.45 122.7 as targets.
Comment: even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.
Supports and resistances:
122.7 ***
122.45 ***
121.95 ***
121.57 Last
121 ***
120.55 ***
120.15 **
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