(1,5087) The CABLE formed a negative outside day after the failure to break above 1,5270. We have now 1,5270 – 1,5085 the levels to follow ; a daily closing below the support will favour a possible return below 1,50!! The indicators of the daily chart are however still well positive but those of the s/t ones turned all negative supporting further weakness. In the hourly hart we have already oversold conditions and this could favour a rebound, also because potential positive reversal could help to support the CABLE. However, the break below 1,5090 already confirmed by a few hourly closings confirmed a double top formation supporting lower levels. Possible rebounds should find resistance already at 1,5120 before the 200 hours line at 1,5180!!
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