Pivot: 1210.5
Our preference: Long positions above 1210.5 with targets @ 1223.5 1229.6 in extension.
Alternative scenario: Below 1210.5 look for further downside with 1204.3 1201 as targets.
Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
1237 **
1229.6 **
1223.5 **
1215 Last
1210.5 **
1204.3 **
1201 **
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