Pivot: 1218
Our preference: Long positions above 1218 with targets @ 1235.6 1250 in extension.
Alternative scenario: Below 1218 look for further downside with 1202 1192 as targets.
Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
1258
1250
1235.6
1221.2 Last
1218
1202
1192
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