Pivot: 98
Our preference: Long positions above 98 with targets @ 100 100.8 in extension.
Alternative scenario: Below 98 look for further downside with 97.15 96.4 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Key levels
101.25
100.8
100
98.993 last
98
97.15
96.4
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