Free Trial

$1.3125 Resistance Key Today * The......>

CABLE TECHS
CABLE TECHS: $1.3125 Resistance Key Today
* The failure to trouble the 55-DMA ($1.3307) and the key $1.3662 resistance
resulted in a sharp sell-off Tuesday followed up by a break of the key $1.2995
support and fresh 2018 & 11mth lows continuing. 
* Bears now focus on $1.2587 June 2017 lows. 
* Layers of resistance are building and weighing. 
* Bulls need a close above $1.3125 to gain breathing room. 
* A close above the key $1.3362 resistance remains needed to confirm a break of
the 55-DMA and shift initial focus to $1.3446.

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.