(1,5195) The CABLE confirmed a positive closing missing however a strong one despite the test above the 1l5200 level. Overall it is still well bid suggesting further upside potential toward the resistance line at 1,5270!! The indicators of the daily chart are still well positive and this morning also those of the s/ t ones are positive supporting further strength!. While above 1,5125 on an hourly closing we still favour a move higher and an hourly closing above 1,5210 will confirm the extension of the rally toward next s/t target that we find at 1,5237 with even a possible extension toward the suggested resistance line at 1,5270. Note however that the move up of the CABLE in the last few sessions confirmed also a reversed S_H_S formation suggesting a potential target at 1,5525. We wait for a buying opportunity that we missed yesterday.
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Future Trend Research