The CABLE confirmed another weak closing supporting lower levels. However before moving lower we expect an attempt to retest the 1,5870 now resistance area, move that we expect to be corrective and a selling opportunity.
The indicators of the daily chart are still well negative and also those of the s/t ones are negative however also showing oversold conditions. The drop started forming bullish divergences in the hourly chart confirming a negative tone.
We wait for a decent rebound possibly close to the 200 hours line at 1,5944 to go short!!
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FUTURE TREND RESEARCH