Pivot:
34480.00
Our preference:
Long positions above 34480.00 with targets at 34900.00 & 35100.00 in extension.
Alternative scenario:
Below 34480.00 look for further downside with 34315.00 & 34200.00 as targets.
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
34480.00
Our preference:
Long positions above 34480.00 with targets at 34900.00 & 35100.00 in extension.
Alternative scenario:
Below 34480.00 look for further downside with 34315.00 & 34200.00 as targets.
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.