The CABLE confirmed a session of consolidation yesterday forming a new inside day with 1,5795 – 1,5515 the levels to follow in the coming hours. A possible closing above 1,5795 will extend the move up toward the 1,59 area.
The indicators of the daily chart are still below the line while those of the s/t ones are mixed supporting further consolidation. Also here the move up failed to form divergences keeping therefore the negative tone. In the s/t we expect a retest of the 200 hours line at 1,5579 and only the holding of this line will support another test on the upside!
Only a move above 1,5780 will resume the move up.
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FUTURE TREND RESEARCH