Pivot: 128.5
Our preference: Long positions above 128.5 with targets @ 129.9 130.65 in extension.
Alternative scenario: Below 128.5 look for further downside with 127.85 127.5 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Key levels
131.1
130.65
129.9
129.215 last
128.5
127.85
127.5
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