(1,4925) The CABLE confirmed another weak daily and weekly closing, after the confirmation of our s/t target at 1,4955, suggesting further downside pressure toward 1,4839 before 1,4750 if not even 1,45. The indicators of the daily chart are still well negative with bullish divergences confirming the negative tone; those of the weekly one are also well negative. The indicators of the s/t charts are mixed this morning suggesting some possible consolidation/ correction. Only an hourly closing above 1,4960 will however support a larger correction suggesting a 1,50 overshooting with the 200 hours line at 1,5069 the possible attraction. We stay on the sideline waiting for a selling opportunity; however do not forget that in case of a rebound we suggest waiting for sensible higher levels before selling!!
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