(1,5546) The CABLE confirmed also yesterday further consolidation interior the positive outside day with 1,5610 – 1,5470 still the levels to follow in the coming hours. Only a daily closing above 1,5610 will favour an extension of the correction toward the 200 days line, still found at 1,5758! 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 below the line this morning suggesting further consolidation/ correction. While below 1,5555 on an hourly closing we favour a test of the 200 hours line at 1,5520 will a possible direct undershooting suggesting a retest of the 1,5480 level. Only a break below this last support will finally confirm a deeper correction suggesting even a 1,54 undershooting!!
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