<p>Global air travel is perhaps the single-best indicator of covid impacts and the latest data shows that we're on the cusp of a full retracement.</p><p>The May report from IATA
<p>Pivot (invalidation): 23.7900 Our preference Long positions above 23.7900 with targets at 24.3200 & 24.5300 in extension. Alternative scenario Below 23.7900 look for further downside
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