Pivot: 1202.5
Our preference: Long positions above 1202.5 with targets @ 1229.5 1236 in extension.
Alternative scenario: Below 1202.5 look for further downside with 1194.5 1178.5 as targets.
Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
1246
1236
1229.5
1213.34 Last
1202.5
1194.5
1178.5
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