(1,6149) The CABLE confirmed a strong closing well above the tops of the last few sessions suggesting further possible strength, at least in the s/t. possible therefore a retest of the 1,6200/20 area! The indicators of the daily chart are however still below the line for now but those of the s/t ones are above the line supporting further strength. However the indicators of the hourly chart are showing overbought conditions and potential negative reversals suggesting a limited upside potential. The move up stared however also to form bearish divergences suggesting already a change of the tone to positive. While above the 200 hours line at 1,6128 we could therefore see further strength suggesting a 1,6200 overshooting. We wait this extension before selling, but with attention because we want to avoid surprises!!
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