The CABLE is still confirming further consolidation interior the inside day with 1,5795 – 1,5515 still the levels to follow in the coming hours. The closing on Friday was positive as well as the weekly one while however still consolidating interior the inside week!!
The indicators of the daily chart are negative as well as those of the weekly one supporting further pressure. Those of the s/t ones are also negative this morning supporting lower levels. Only an hourly closing above 1,5675 will support another test on the upside toward the key level 1,5780!!again below the line and this morning also those of the s/t ones are in negative territory supporting lower levels.
An hourly closing below 1,5580 will support lower level and a possible break also below 1,5560, the key level of a double top formation with a potential target below 1,54!!
We remain on the sideline following the inside day.
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