(1,5801) The CABLE formed a small negative day reversal but only a daily closing below 1,5777 will confirm a s/t top suggesting a deeper correction. The indicators of the daily chart are still well positive but also still struggling to move higher. Those of the s/t charts are still showing a mixed picture suggesting some consolidation/ correction. In the hourly chart we have however potential positive reversals suggesting further upside potential. Only an hourly closing below 1,5777 will postpone further strength favouring a correction with the 200 hours line at 1,5675 the possible attraction. We stay on the sideline but overall expect the upside to be limited.
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