Pivot: 49.8
Our preference: Long positions above 49.8 with targets @ 52.55 53.85 in extension.
Alternative scenario: Below 49.8 look for further downside with 48.2 47.55 as targets.
Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
55.15
53.85
52.55
51.38 Last
49.8
48.2
47.55
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