Nikkei 225 MT: the bias remains bullish.


Pivot: 29100
Our preference: long positions above 29100 with targets at 36000 & 39100 in extension.
Alternative scenario: below 29100 look for further downside with 27000 & 24650 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
40000 ***
39100 ***
36000 ***
32675 Last
29100 ***
27000 ***
24650 ***
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