Pivot: 106.3
Our preference: Long positions above 106.3 with targets @ 107.5 108 in extension.
Alternative scenario: Below 106.3 look for further downside with 105.35 104.85 as targets.
Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
108.85
108
107.5
106.9 Last
106.3
105.35
104.85
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