Pivot: 4578
Our preference: long positions above 4578 with targets at 4615 & 4630 in extension.
Alternative scenario: below 4578 look for further downside with 4550 & 4515 as targets.
Comment: investors have to remain cautious since these levels may trigger profit taking.
Supports and resistances:
4650
4630
4615
4587 Last
4578
4550
4515
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