Pivot: 45.55
Our preference: Long positions above 45.55 with targets @ 47 47.64 in extension.
Alternative scenario: Below 45.55 look for further downside with 44.24 43.55 as targets.
Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
48.26
47.64
47
46.01 Last
45.55
44.24
43.55
Copyright 1999 – 2015 TRADING CENTRAL