(1,5630) The CABLE formed on Friday a negative day reversal but only a daily closing below 1,5605 will confirm a s/t top. The weekly closing was instead strong suggesting a possible retest of the 200 weeks line at 1,5753 which was also June’s top!! The indicators of the daily chart are still well positive as well as those of the weekly one supporting further strength. The indicators of the s/t ones are instead mixed this morning suggesting some consolidation. Bearish divergences are however still supporting a positive tone. The move up last week above 1,56 confirmed a positive reversal in the hourly chart supporting a s/t target at 1,5849!!
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