(1,5025) The CABLE failed to extend the decline below 1,50 where it found strong support for now. Instead it is now confirming a rebound that already caused the activation of our stop at 1,5135. Overall in yesterday’s session it formed a new inside day with 1,5200 – 1,4975 now the levels to follow in the coming hours. The indicators of the daily chart are still well negative but those of the s/t ones turned above the line supporting the correction. However, the indicators of the hourly chart are already close to the overbought area and the 200 hours line, today at 1,5147. The move up broke a s/t resistance line; while above 1,5090 we could therefore see a possible extension of the move up toward the 1,5220730 area. We got stopped out and for the moment prefer remaining on the sideline.
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