Pivot: 4980
Our preference: long positions above 4980 with targets at 5085 & 5145 in extension.
Alternative scenario: below 4980 look for further downside with 4905 & 4835 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
5230
5145
5085
5018 Last
4980
4905
4835
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