Free Trial

Briefly Above 1.31 Cable briefly........>

CABLE TECHS
CABLE TECHS: Briefly Above 1.31
Cable briefly broke above 1.31 in US trading but lost some ground at the close
and is weaker in the Asian session, which brings the 200-dma back into focus.
Bears need a close back under 1.2996 for a downside break to bring the Feb 18
low & 100-dma at 1.2892/77 back into view. Topside focus remains on a break of
the Feb 1 high at 1.3115. Above here brings the Jan 25 high at 1.3217 into play
with a break needed for confirmation of a large bottoming pattern.

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.