(1,5173) The CABLE formed a positive day reversal after a retest of the 1,5070 area where it found again good support. Only a daily closing tonight above 1,5190 will confirm a s/t bottom. In the s/t only a move above 1,5220 confirmed by an hourly closing will postpone further weakness supporting a higher retracement with the 200 hours line at 1,5264 the first attraction. A move above 1,5220 will confirm also a double bottom with a 140 pips upside potential!! The indicators of the daily chart are still well negative and oversold but those of the s/t ones turned above the line suggesting further consolidation/ correction. We suggest remaining short for now keeping the stop at 1,5225 where one could also try a long position for a 1,53 overshooting. We prefer however waiting for further confirmations!!
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