Free Trial

$1.3050 Support Key Today * Failure.....>

CABLE TECHS
CABLE TECHS: $1.3050 Support Key Today
* Failure to gain traction above the 21-DMA ($1.3174) has seen cable sold off
once more with immediate focus back on the $1.3050-69 support region.
* Bears now look for a close below $1.3050 to confirm initial focus on retests
of 2018 lows. 
* Overall bears target $1.2587 while $1.3362 caps. 
* Bulls now need a close above $1.3213 to ease bearish pressure.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.