| Pivot: 64.05
Our preference: long positions above 64.05 with targets at 64.50 & 64.75 in extension.
Alternative scenario: below 64.05 look for further downside with 63.70 & 63.50 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited. The key support level at 64.05 should limit the downside room.