Pivot: 1190.5
Our preference: Long positions above 1190.5 with targets @ 1210.5 1215.4 in extension.
Alternative scenario: Below 1190.5 look for further downside with 1185 1177 as targets.
Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
1223 **
1215.4 **
1210.5 **
1198.28 Last
1190.5 **
1185 **
1177 **
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