Pivot (invalidation): 12340.00

Our preference Long positions above 12340.00 with targets at 12505.00 & 12685.00 in extension.

Alternative scenario Below 12340.00 look for further downside with 12255.00 & 12175.00 as targets.

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Comment A support base at 12340.00 has formed and has allowed for a temporary stabilisation.

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