(1,5535) The CABLE is further directly extending the move up above 1,55 suggesting a possible test of the 100 days line at 1,5573 before the 200 days one at 1,5761. Since 1,52 it failed to produce a correction and this is not sustainable for long. The indicators of the daily chart are still well positive but close to the overbought area and however showing potential negative reversals. Those of the weekly one are now at the line! The indicators of the s/t charts are positive but overbought. Nevertheless we could still see further direct strength toward 1,56. In our view the CABLE is too high and expect a firm correction. We start selling a 1,5570 overshooting!!
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