The CABLE confirmed a weak closing well below the low of the previous session suggesting further possible weakness.
The indicators of the daily chart are well negative as well as those of the 4h one where we have still oversold conditions. This morning only the indicators of the hourly chart are already above the line supporting a possible correction. Only an hourly closing above 1,5560 will however favour higher levels. While below we expect a retest of yesterday’s low with even an undershooting that we expect to be a s/t buying opportunity!!
We stay on the sideline.
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FUTURE TREND RESEARCH