Free Trial

1% Volatility Band In Way Of Return.....>

CABLE TECHS
CABLE TECHS: 1% Volatility Band In Way Of Return To Top Of Recent Range
*RES 4: $1.3418 61.8% Fibo of $1.3659-$1.3027
*RES 3: $1.3338/43 Oct 13 high, 50% Fibo of $1.3659-$1.3027
*RES 2: $1.3322 Nov 1 high
*RES 1: $1.3280/05 Nov 20 high, 1% volatility band
*PRICE: $1.3233 @1649GMT
*SUP 1: $1.3210 Hourly support
*SUP 2: $1.3186 Nov 20 low
*SUP 3: $1.3170 Nov 17 low
*SUP 4: $1.3135 Hourly high Nov 13, Nov 16 low
*COMMENTARY* A high of $1.3280 on Monday as the upside tries to claw back losses
from the top of the recent range between $1.3322-$1.3338. Ahead of here, still
has to deal with the upper 1% volatility band, situated at $1.3305 by time
today. Support for the time being remains from above 1.3210, this area holding
setbacks yesterday. Loss will caution and suggest a deeper $1.3186-$1.3115 fall.

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.