Pivot: 1194.6
Our preference: Long positions above 1194.6 with targets @ 1209.1 1213.3 in extension.
Alternative scenario: Below 1194.6 look for further downside with 1189.1 1183.3 as targets.
Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
1217.86
1213.3
1209.1
1199.2 Last
1194.6
1189.1
1183.3
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