Free Trial

$1.3999 Resistance Key Today *RES 4:....>

CABLE TECHS
CABLE TECHS: $1.3999 Resistance Key Today
*RES 4: $1.4286 High Jan 26 
*RES 3: $1.4188 Hourly support Feb 1 now resistance 
*RES 2: $1.4081 Hourly support Feb 5 now resistance 
*RES 1: $1.3999 High Feb 6
*PRICE: $1.3898 @ 0930GMT
*SUP 1: $1.3834 Low Feb 6 
*SUP 2: $1.3720 Low Jan 15 
*SUP 3: $1.3656 High Sept 20 now support 
*SUP 4: $1.3630 55-DMA
*COMMENTARY: Follow through was lacking on Tuesday's sell-off with bulls now
needing a close above $1.3999 to gain breathing room. The pair currently flirts
with the 21-DMA ($1.3958). Above the 200-WMA ($1.4371) remains need to target
$1.5018. Bears now look for a close below $1.3834 to add weight to the case for
tests of $1.3585-1.3720 where the 55-DMA ($1.3630) is located.

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.