(1,6045) The CABLE confirmed a negative closing and a small correction after the 1,61 overshooting remaining interior the previous day’s range forming a new inside day with 1,6175 – 1,5890 the levels to follow. The drop favoured the closing on part of the 150 pips gap up we had yesterday morning. The indicators of the daily chart are still well positive and now less overbought but those of the s/t ones are all below the line this morning suggesting further consolidation/ correction. Possible therefore a move toward the support line, now at 1,5975. We suggest buying the test of the support line for a possible return toward the previous top!!
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