Pivot: 102
Our preference: Long positions above 102 with targets @ 102.9 103.4 in extension.
Alternative scenario: Below 102 look for further downside with 101.65 101.2 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
103.85
103.4
102.9
102.29 Last
102
101.65
101.2
Copyright 1999 – 2014 TRADING CENTRAL