Pivot: 158.15
Our preference: Long positions above 158.15 with targets @ 159.5 160 in extension.
Alternative scenario: Below 158.15 look for further downside with 157.7 157 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Key levels
160.3
160
159.5
158.879 last
158.15
157.7
157
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