Pivot: 16.67
Our preference: Long positions above 16.67 with targets @ 17.4 17.65 in extension.
Alternative scenario: Below 16.67 look for further downside with 16.5 16.33 as targets.
Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
18 **
17.65 ***
17.4 **
17.038 Last
16.67 ***
16.5 *
16.33 *
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