Pivot (invalidation): 12275.00
Our preference
Short positions below 12275.00 with targets at 12159.00 & 12117.00 in extension.
Alternative scenario
Above 12275.00 look for further upside with 12350.00 & 12405.00 as targets.
Comment
Even though a continuation of the technical rebound cannot be ruled out, its extent should be
limited.
(By Swissquote TRADING CENTRAL)
