The CABLE confirmed on Friday a strong closing suggesting a retest of the 200 days line at 1,6139!! A closing tonight above 1,6095 will confirm a s/t bottom.
The indicators of the daily chart are still well positive but those of the weekly one remain below the line. The weekly closing was positive forming a positive week reversal. The indicators of the s/t charts are positive this morning however a little overbought and however showing potential negative reversals. The move up started however also forming bearish divergences in the hourly chart suggesting that the move up could not be over yet. However before moving higher we favour a drop toward the 200 hours line at 1,6003!!
We remain on the sideline.
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FUTURE TREND RESEARCH