Pivot: 4720
Our preference: long positions above 4720 with targets @ 4875 & 4900 in extension.
Alternative scenario: below 4720 look for further downside with 4700 & 4650 as targets.
Comment: the RSI calls for a rebound.
Supports and resistances:
4950
4900
4875
4816 Last
4720
4700
4650
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