Free Trial

100-DMA Support Key This Week *RES 4:...>

CABLE TECHS: 100-DMA Support Key This Week
*RES 4: $1.4280 Low Apr 17 now resistance 
*RES 3: $1.4245 High Apr 19 
*RES 2: $1.4159 Hourly support Apr 19 now resistance 
*RES 1: $1.4104 Alternating daily support/resistance
*PRICE: $1.4018 @ 0220GMT
*SUP 1: $1.3963 Low Apr 5 
*SUP 2: $1.3930 Bollinger band base 
*SUP 3: $1.3873 Low Mar 13 
*SUP 4: $1.3850 100-DMA
*COMMENTARY: Losses defined after the lack of topside follow through on 2018 &
nearly 2yr highs. Immediate focus is now on $1.3963 with a close below to
pressure $1.3850-73 where the 100-DMA & 21-WMA ($1.3854) are located. Below the
100-DMA then targets $1.3656-1.3710. Daily studies remain well placed for
losses. Bulls now need a close above $1.4104 to gain breathing room and above
$1.4280 to initially target 2018 highs.

To read the full story



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.