(1,5840)The CABLE confirmed our s/t target before plunging again lower while waiting for the MPC. The drop favoured a test of the 200 hours line at 1,5800 where it is finding decent support for now. The tone is still positive and this drop is corrective! The indicators of the daily chart are still well positive but also still showing overbought conditions and potential negative reversals!! Those of the s/t ones are instead below the line at the moment suggesting further consolidation. Only an hourly closing below 1,5790 will however cause a deeper correction!! We stay on the sideline!
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FUTURE TREND RESEARCH