(1,5138) The CABLE failed on Friday to confirm the previous day’s positive day reversal plunging instead toward a new low this morning below 1,51. The session is starting with a big gap down; the low in Europe was 1,5240!! The weekly closing was also weak well below the key level at 1,5230!! The indicators of the daily chart are still well negative as well as those of the weekly one supporting further weakness; we start however having oversold conditions in the daily chart. The indicators of the s/t charts are also negative with bullish divergences confirming a negative tone. The target is now at 1,4955; we wait for a decent rebound to sell!!
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