Pivot: 1271.8
Our preference: Long positions above 1271.8 with targets @ 1300 1308 in extension.
Alternative scenario: Below 1271.8 look for further downside with 1264 1255 as targets.
Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
1317 **
1308 **
1300 **
1288.35 Last
1271.8 ***
1264 **
1255 *
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