Z has a pivot at 115.58, and if broken, this can lead the price to higher levels. We have a strong support at 112, that must not be lost again – or Z will keep dropping to the 108s.
By breaking the 115s, we might see Z at 130 in the next weeks, but it is still trading inside the range between 119 – 108, so, we must be careful.
The BBs are getting very tight, and we’ll see something good around any time soon. Let’s just be aware of these points!
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