Pivot: 1325
Our preference: Long positions above 1325 with targets @ 1345 1356 in extension.
Alternative scenario: Below 1325 look for further downside with 1316 1309 as targets.
Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
1365
1356
1345
1335 Last
1325
1316
1309
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