(1,5835)The CABLE confirmed a session of consolidation remaining above Tuesday’s top. It formed an inside day with 1,5895 – 1,5680 the levels to follow; a break of the resistance will favour an extension of the move up suggesting a firm test of the 200 days line at 1,5948, where we expect good s/t resistance. The indicators of the daily chart are still well positive but those of the s/t are mixed supporting further consolidation. Bearish divergences still support a positive tone. In the s/t only an hourly closing below 1,5785 will postpone the move up favouring a deeper correction with the 200 hours line, already at 1,5711, the fist possible attraction. We wait for lower levels to buy again but we’re also going to sell a direct test of the 200 days line!!!!!
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FUTURE TREND RESEARCH