Pivot
7700.00
Our preference
Long positions above 7700.00 with targets at 8170.00 & 8330.00 in extension.
Alternative scenario
Below 7700.00 look for further downside with 7495.00 & 7320.00 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances
8500.00 *
8330.00 ***
8170.00 ***
7914.90 Last
7700.00 ***
7495.00 ***
7320.00 **
Number of asterisks represents the strength of support and resistance levels.