Pivot: 105.8
Our preference: Long positions above 105.8 with targets @ 107.7 108.4 in extension.
Alternative scenario: Below 105.8 look for further downside with 105 104 as targets.
Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
109.4
108.4
107.7
106.39 Last
105.8
105
104
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