Pivot: 5120
Our preference: long positions above 5120 with targets @ 5230 & 5262 in extension.
Alternative scenario: below 5120 look for further downside with 5075 & 5040 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
5300
5262
5230
5182 Last
5120
5075
5040
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