Free Trial

200-WMA Capping, Supported Ahead Of.....>

CABLE TECHS
CABLE TECHS: 200-WMA Capping, Supported Ahead Of 55-DMA
*RES 4: $1.4257 200-WMA 
*RES 3: $1.4200 High Mar 28 
*RES 2: $1.4127 Hourly support Mar 28 now resistance 
*RES 1: $1.4096 High Mar 29
*PRICE: $1.4083 @ 0220GMT
*SUP 1: $1.3992 55-DMA 
*SUP 2: $1.3984 Low Mar 20 
*SUP 3: $1.3873 Low Mar 13 
*SUP 4: $1.3744 100-DMA
*COMMENTARY: Hesitation ahead of the 200-WMA resulted in a correction back
towards the 55-DMA. Bears need a close below $1.3984 to confirm a break of the
55-DMA & add weight to the case for a correction back to $1.3873 with below
targeting $1.3710-54. Bulls now need a close above $1.4127 to gain breathing
room and above $1.4200 to return focus to $1.4257-1.4349 where the 200-WMA &
2018 high are 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.