Pivot: 1290.00 Our preference: short positions below 1290.00 with targets at 1278.00 & 1271.60 in extension. Alternative scenario: above 1290.00 look for further upside with 1295.00 & 1302.00 as targets. Comment: even though a continuation of the technical rebound cannot be ruled out, its extent should be limited. Supports and resistances: 1302.00 1295.00 1290.00 1285.04 Last 1278.00 1271.60 1267.00