Pivot: 113.20
Our preference: long positions above 113.20 with targets @ 114.25 & 114.55 in extension.
Alternative scenario: below 113.20 look for further downside with 112.85 & 112.50 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
114.85
114.55
114.25
113.93 Last
113.20
112.85
112.50
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