Pivot: 1185
Our preference: Long positions above 1185 with targets @ 1224 1236 in extension.
Alternative scenario: Below 1185 look for further downside with 1169 1158.5 as targets.
Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
1255 ***
1236 ***
1224 *
1193.1 Last
1185 ***
1169 *
1158.5 *
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