Pivot: 4870
Our preference: short positions below 4870 with targets @ 4790 & 4775 in extension.
Alternative scenario: above 4870 look for further upside with 4933 & 4950 as targets.
Comment: as long as 4870 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
4950
4933
4870
4832 Last
4790
4775
4720
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