(1,5225) The CABLE confirmed a strong closing last night after the positive closing last week; the weekly closing was however negative forming a negative week reversal. In the monthly chart it formed instead a positive month reversal but only a monthly closing above 1,5270 will confirm a s/t bottom. The indicators of the daily chart are still well positive but already showing potential negative reversals; those of the weekly and monthly charts are instead still negative. The indicators of the s/t charts are instead showing a mixed picture suggesting further consolidation/ correction. Only an hourly closing above 1,5270 will postpone further weakness favouring higher levels. We stay on the sideline while waiting for stronger signals!!
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