Pivot: 129.5
Our preference: long positions above 129.5 with targets @ 130.3 130.6 in extension.
Alternative scenario: below 129.5 look for further downside with 129.05 128.7 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
131 ***
130.6 ***
130.3 **
129.74 Last
129.5 ***
129.05 ***
128.7 ***
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