Pivot: 19
Our preference: Long positions above 19 with targets @ 19.75 19.9 in extension.
Alternative scenario: Below 19 look for further downside with 18.75 18.45 as targets.
Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
20.38
19.9
19.75
19.41 Last
19
18.75
18.45
Copyright 1999 – 2014 TRADING CENTRAL