The CABLE formed yesterday a positive day reversal but only a daily closing above 1,5814 will confirm a s/t bottom supporting a rebound.
The indicators of the daily chart are still well negative while those of the s/t ones are now starting to turn above the line supporting further consolidation/ correction. Only an hourly closing above 1,5820 will support a possible extension of the move up toward the 200 hours line at 1.5910!!
We suggest still waiting for a decent rebound possibly close to the 200 hours line to go short!!
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FUTURE TREND RESEARCH