Pivot: 138
Our preference: Long positions above 138 with targets @ 138.45 138.7 in extension.
Alternative scenario: Below 138 look for further downside with 137.65 137.45 as targets.
Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited. The 138 strong support is expected to contain any downward attempt.
Supports and resistances:
139
138.7
138.45
138.034 Last
138
137.65
137.45
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