(1,5318) The CABLE confirmed yesterday a session of consolidation forming a new inside day with 1,5310 – 1,5185 the levels to follow. This morning it already broke above the resistance suggesting further s/t strength, move that we still believe to be corrective!! Only a break above 1,5415 confirmed by a daily closing will confirm higher levels!! The indicators of the daily chart are therefore still well positive and this morning also those of the s/t ones are above the line suggesting further strength. In the hourly chart we have however overbought conditions while showing also potential negative reversals. This should limit the upside. We got stopped out; we try following how the CABLE will unfold in the coming hours before trying again short position!!
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