Pivot: 1194
Our preference: Long positions above 1194 with targets @ 1220 1224 in extension.
Alternative scenario: Below 1194 look for further downside with 1185 1178.5 as targets.
Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
1236
1224
1220
1202 Last
1194
1185
1178.5
Copyright 1999 – 2015 TRADING CENTRAL