Long positions above 47000.00 with targets at 47530.00 & 47680.00 in extension.

Pivot: 47000.00
Our preference: long positions above 47000.00 with targets at 47530.00 & 47680.00 in extension.
Alternative scenario: below 47000.00 look for further downside with 46770.00 & 46530.00 as targets.
Comment: the RSI calls for a bounce.
Supports and resistances:
47870.00
47680.00
47530.00
47289.00 Last
47000.00
46770.00
46530.00