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Pivot
128.00
Our preference
Long positions above 128.00 with targets at 146.00 & 160.00 in extension.
Alternative scenario
Below 128.00 look for further downside with 118.00 & 106.00 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances
169.00 **
160.00 **
146.00 **
140.17 Last
128.00 **
118.00 **
106.00 **
Number of asterisks represents the strength of support and resistance levels.
