Pivot: 121.5
Our preference: short positions below 121.5 with targets @ 116 & 113.85 in extension.
Alternative scenario: above 121.5 look for further upside with 123.8 & 126 as targets.
Comment: even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.
Supports and resistances:
126 **
123.8 ***
121.5 ***
118.57 Last
116 ***
113.85 ***
110 **
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