(1,5907) The CABLE confirmed a session of consolidation interior the previous day’s range forming a new inside day with 1,5975 – 1,5840 the levels to follow in the coming hours. The slope of the move up is still getting a little too steep! The indicators of the daily chart are still well positive but starting to show overbought conditions while forming potential negative reversals. The indicators of the s/t charts are instead below the line at the moment suggesting further consolidation/ correction. At the moment the CABLE is below a s/t support line supporting further weakness with the 200 hours line at 1,5788 the possible attraction. An hourly closing above 1,5940 will however resume the move up confirming a new positive reversal suggesting a target at 1,6057. An hourly closing below 1,5875 will confirm instead support lower levels! We sell a direct 1,6050 overshooting!!
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