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Pivot: 1188.00

Most Likely Scenario: SHORT positions below 1188 with 1178 & 1175 in sight.

Alternative scenario: The upside penetration of 1188 will call for 1193 & 1200.

Comment: the price broke below its support and should face further weakness as the RSI laks upward momentum.

Trend: ST Consolidation; MT Bullish