(1,5838) The CABLE formed yesterday a positive day reversal while however remaining interior the inside day with 1,5905 – 1,5790 still the levels to follow in the coming hours. Only a daily closing below 1,5790 will confirm further direct weakness probably also confirming the big double top above 1,63 suggesting a drop toward 1,53!! By the way the CABLE never managed in the past sessions to confirm a daily closing below 1,5828, the key level!! The indicators of the daily chart are still well negative; those of the s/t charts are instead mixed suggesting further consolidation. Only an hourly closing above 1,5895 will postpone further weakness favouring a rally toward the 200 hours line, now found at 1,5943. This move up is corrective and a selling opportunity for a move toward a s/t target at 1,5718!!!
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