(1,5920)The CABLE is confirming the expected overshooting of the 1,59 level suggesting a test of the 200 days line at 1,5940 with even a possible direct overshooting that could mean an overshooting toward 1,61. The indicators of the daily chart are still well positive but are now entering the overbought area showing also potential negative reversals. Those of the s/t ones are also well positive but also showing overbought conditions that could help to limit the upside. Overall we want to sell this move up but we wait for a possible further overshooting possibly above 1,60!!
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FUTURE TREND RESEARCH