(1,6173) The CABLE confirmed a weak closing below the low of the previous few sessions suggesting further downside risk. It found momentarily good support at the support line, now found at 1,6167. The indicators of the daily chart are still well positive but those of the s/t ones turned below the line suggesting further consolidation/ correction. While below 1,6200 on an hourly closing we expect a deeper correction, scenery supported also by the confirmation of a double top formation above 1,6250 suggesting a possible move toward 1,6080. A possible decline will however find support already at the 200 hours line at 1,6125. The decline will be a buying opportunity! We stay on the sideline!
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