(1,5170) The CABLE confirmed already the expected sell off that favoured a break below 1,5230 suggesting a possible direct 1,50 undershooting. Gaps are building up on the way down and this morning also Europe has one; the low yesterday was 1,5280! The indicators of the daily chart are still well negative and now oversold as well as those of the s/t ones suggesting further downside risk. We expect a rebound for a retest of the 1,5230 level and possibly even alittel higher before probably turn again lower!! We bought some CABLE at 1,5170 for a rebound.
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Future Trend Research