The CABLE confirmed a very weak closing on Friday, well below the low of the past few sessions. The weekly closing was also weak. However, only a clear break below 1,5270 will support lower levels!!
The indicators of the daily chart are well negative as well as those of the weekly one supporting lower levels the indicators of the s/t charts turned instead above the line this morning supporting a rebound. An hourly closing above 1,5530 will support an extension of the correction with the 200 hours line at 1,5638 the possible attraction where one could start trying a short position!
We remain on the sideline.
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FUTURE TREND RESEARCH