The CABLE confirmed a positive closing on Friday but the weekly one was weak well below the low of the previous week.
The indicators of the daily chart are however still well negative as well as those of the weekly one supporting further weakness. The indicators of the s/ charts are also negative this morning suggesting further downside pressure.
Only a return above 1,5810 confirmed by an hourly closing will postpone further weakness favouring a retest of the 1,5890 s/t key level!!
We suggest still waiting for possible higher levels to go short!!
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FUTURE TREND RESEARCH