Pivot: 108.70
Our preference: long positions above 108.70 with targets @ 109.45 & 109.75 in extension.
Alternative scenario: below 108.70 look for further downside with 108.50 & 108.10 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
110.15
109.75
109.45
109.11 Last
108.70
108.50
108.10
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