The CABLE confirmed a negative closing well below the low of the previous session confirming the negative outside day. We expect further weakness toward 1,5680 if not even directly toward the 1,55 area.
The indicators of the daily chart are now negative as well as those of the s/t ones where we have oversold conditions. Bullish divergences in the hourly chart confirm a negative tone. Possible rebound will therefore be corrective.
Today’s session started as well with a small gap down.
We expect further downside risk for the CABLE but are still missing strong signals.
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