(1,6320) The CABLE confirmed a positive monthly and yearly closing; the weekly one was instead negative. Only a daily closing above 1,6310 will support further strength suggesting a possible target in the daily chart at 1,6582!! The indicators of the m/t charts are now all well positive supporting higher levels. Bearish divergences in the daily chart support a positive tone. The indicators of the s/t charts are also positive this morning showing however overbought conditions. Also here the European market is starting with a gap up; possible corrections should find support already at 1,6280 before the 200 hours line at 1,6180. While above 1,6280 we expect a direct extension of the move up toward the m/t resistance line at 1,6480.
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