Pivot: 1115
Our preference: Long positions above 1115 with targets @ 1124 1127 in extension.
Alternative scenario: Below 1115 look for further downside with 1112 1107 as targets.
Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
1131
1127
1124
1116.5 Last
1115
1112
1107
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