The CABLE confirmed a negative outside day reversal remaining therefore below the 200 days line but still showing some resilience. Possible therefore another test on the upside especially while above the 200 hours line at 1,5987!! The monthly closing was also positive forming a month reversal but only a monthly closing above 1,6167 will confirm a bottom!!
The indicators of the daily chart are still well positive and also those of the monthly one are above the line supporting further strength. Those of the s/t ones are at the moment below the line suggesting some consolidation/ correction. Only an hourly closing below 1,5960 will however confirm lower levels suggesting a deeper correction.
The s/t scenery of the CABLE is still positive but we are waiting for stronger signals
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