Long positions above 1292.00 with targets at 1310.00 & 1318.00 in extension.
Pivot: 1292.00
Our preference: long positions above 1292.00 with targets at 1310.00 & 1318.00 in extension.
Alternative scenario: below 1292.00 look for further downside with 1285.00 & 1279.00 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
