Pivot: 112.50
Our preference: long positions above 112.50 with targets @ 114.00 & 114.50 in extension.
Alternative scenario: below 112.50 look for further downside with 111.95 & 111.30 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
114.90
114.50
114.00
112.84 Last
112.50
111.95
111.30
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