The CABLE confirmed further consolidation interior the inside day with 1,5795 – 1,5515 still the levels to follow in the coming hours. Only a possible closing above 1,5795 will extend the move up toward the 1,59 area if not even 1,61 where we find the 200 days line!!
The indicators of the daily chart are however still below the line while those of the s/t ones are mixed today suggesting further consolidation.
Only a move below the 200 hours line at 1,5591 will resume the decline suggesting a possible drop below 1,55. While above the 200 hours line we do still favour a little higher levels, possibly toward 1,59 where we want to sell!!
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FUTURE TREND RESEARCH