(1,6233) The CABLE confirmed a strong closing above the resistance of the inside day at 1,6175 already extending the move up above 1,62. The monthly closing was also strong well above the tops of the previous months. The indicators of the daily chart are still well positive and start even showing divergences suggesting a change of tone; those of the monthly chart are also positive supporting higher levels. The target is now 1,6547 based on the hourly chart but we expect good resistance already at 1,6420!! We stay on the sideline!
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