(1,5582) The CABLE formed on Friday a positive outside day reversal with now 1,5610 – 1,5470 the levels to follow in the coming hours. A daily closing above 1,5610 will favour an extension of the correction toward the 200 days line, still found at 1,5759! The indicators of the daily chart are still well positive but still close to the overbought area and however showing potential negative reversals. The indicators of the s/t charts are instead showing a mixed picture While above 1,5550 we expect further upside potential with the s/t target still at 1,5649!!
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Future Trend