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Pivot: 1204.00

Most Likely Scenario: LONG positions above 1204 with 1218 & 1222.5 in sight.

Alternative scenario: The downside penetration of 1204 will call for 1196 & 1187.5.

Comment: the RSI is supported by a bullish trend line & the price is trading in a bullish channel.

Trend: ST Consolidation; MT Bullish