Description
⋅ Pivot: 1278.00
Most Likely Scenario: long positions above 1278.00 with targets @ 1293.00 & 1303.00 in extension.
Alternative scenario: below 1278.00 look for further downside with 1265.60 & 1257.00 as targets.
Comment: a support base at 1278.00 has formed and has allowed for a temporary stabilisation.
Pivot: 1278.00
Our preference: long positions above 1278.00 with targets @ 1293.00 & 1303.00 in extension.
Alternative scenario: below 1278.00 look for further downside with 1265.60 & 1257.00 as targets.
Comment: a support base at 1278.00 has formed and has allowed for a temporary stabilisation.