(1,5320) The CABLE confirmed on Friday a session of consolidation interior the range of the previous day forming a new inside day with 1,4525 – 1,5305 the levels to follow in the coming hours. A daily closing below 1,5305 could already resume the decline!! The indicators of the daily chart are however still well positive but showing potential negative reversals; those of the weekly one are still well below the line despite a positive weekly closing. The indicators of the s/t charts are negative this morning suggesting further consolidation/ correction. We expect the CABLE to extend the decline toward the 200 hours line at 1,5286!! We wait now for lower levels to buy again but only below 1,5250. We got stopped out at 1,5373!
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Future Trend Research