Pivot: 47.50
Most Likely Scenario: short positions below 47.50 with targets @ 45.55 & 44.50 in extension.
Alternative scenario: above 47.50 look for further upside with 48.50 & 49.30 as targets.
Comment: even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.
Most Likely Scenario: short positions below 47.50 with targets @ 45.55 & 44.50 in extension.
Alternative scenario: above 47.50 look for further upside with 48.50 & 49.30 as targets.
Comment: even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.