Pivot: 4036
Our preference: long positions above 4036 with targets at 4078 & 4101 in extension.
Alternative scenario: below 4036 look for further downside with 4022 & 4000 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
4125
4101
4078
4052 Last
4036
4022
4000
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