Pivot: 1160
Our preference: Long positions above 1160 with targets @ 1183 1197 in extension.
Alternative scenario: Below 1160 look for further downside with 1152.5 1145.7 as targets.
Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
1210 ***
1197 *
1183 ***
1165.46 Last
1160 **
1152.5 **
1145.7 **
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