Pivot: 97.5
Our preference: Long positions above 97.5 with targets @ 98.7 99.2 in extension.
Alternative scenario: Below 97.5 look for further downside with 97.1 96.5 as targets.
Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited. Prices are trading in a bullish channel.
Supports and resistances:
99.8
99.2
98.7
97.75 Last
97.5
97.1
96.5
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