Long positions above 33.30 with targets at 33.70 & 33.85 in extension.
Pivot: 33.30
Our preference: long positions above 33.30 with targets at 33.70 & 33.85 in extension.
Alternative scenario: below 33.30 look for further downside with 33.05 & 32.90 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
34.15
33.85
33.70
33.48 Last
33.30
33.05
32.90