Pivot: 154.95
Our preference: Long positions above 154.95 with targets @ 157 158 in extension.
Alternative scenario: Below 154.95 look for further downside with 154.1 153.2 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Key levels
158.5
158
157
156.09 last
154.95
154.1
153.2
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