(1,5245) The CABLE confirmed On Friday a strong closing above the top of the previous session; the weekly one was also strong above the top of the previous week suggesting further upside potential. We expect good resistance already at 1,5270 before the 1, 54 area!! The indicators of the daily chart are still well positive but not yet those of the weekly one that are still well below the line. The indicators of the s/t charts are also positive , however already little too overbought. Bearish divergences suggest however a positive tone and this could mean a further extension of the move up toward the 1,55 area, still the target of the reversed S_H_S formation. We are still waiting for a buying opportunity that we missed last week but we’re also going to sell it in case of a direct 1,54 overshooting!!
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Future Trend Research