Pivot: 126.75
Our preference: Long positions above 126.75 with targets @ 128.45 129.35 in extension.
Alternative scenario: Below 126.75 look for further downside with 126.05 125.7 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Key levels
129.95
129.35
128.45
127.54 last
126.75
126.05
125.7
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