Pivot: 119.8
Our preference: long positions above 119.8 with targets @ 123.8 & 126 in extension.
Alternative scenario: below 119.8 look for further downside with 118 & 116 as targets.
Comment: a support base at 119.8 has formed and has allowed for a temporary stabilisation.
Supports and resistances:
127.7 **
126 ***
123.8 ***
121.22 Last
119.8 ***
118 ***
116 ***
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