(1,6072) The CABLE confirmed a very weak closing, last night, well below the low of the previous session. A possible closing tonight below 1,6090 will confirm a s/t top!! The indicators of the daily chart are already below the line and also those of the s/t ones are negative supporting further weakness. The drop started already forming bullish divergences in the hourly chart suggesting a possible change of the tone to negative. The drop favoured a break below the support line at 1,61 suggesting a direct extension of the decline toward next support line at 1,5990. We keep staying on the sideline but will try a long position in case of a test below 1,60. We buy a 1,5995 undershooting putting a stop at 1,5935.
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Future Trend Research