(1,4939) The CABLE confirmed a strong closing because above the top of the previous session but it was well off the high of the day suggesting further direct downside risk. The indicators of the daily chart are still well negative and oversold, but in the faster RSI the indicators are moving above the line. The indicators of the s/t charts are positive at the moment suggesting more upside potential. while above 1,4905 on an hourly closing we expect therefore further strength and a possible break above 1,4985, now the s/t key level, just below the 200 hours line now found at 1,4995. Despite the less negative scenery we are still missing buying signals, especially strong one. We stay on the sideline but for now prefer avoiding new shorts!!
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