Free Trial

200-DMA Acting As Support For Now.......>

CABLE TECHS
CABLE TECHS: 200-DMA Acting As Support For Now
Cable has seen a pullback from Friday's high with the 200-dma at 1.3047 coming
into play. A close below here would shift the outlook bearish and allow a
challenge of the 1.1300 area which marks the Jan 17 high and up trendline
support. Below here would shift the focus back to the 1.28 level. On the upside
a break above Friday's high at 1.3217 open the Sep 20 high at 1.3298. 

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.