Free Trial

Bullish Signals Remain Despite..........>

CABLE TECHS
CABLE TECHS: Bullish Signals Remain
Despite Friday's weaker close, bullish signals remain above the 50-dma at
1.2988, targeting a break of downtrend resistance and the 100-dma at 1.3173 to
extend the rally. Above here confirms a bullish reversal pattern, opening the
July 9 high at 1.3363. Bears need to see a close back below the 50-dma to
suggest the recent gains have marked a false break and shift the focus back to
the 1.28 area.

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.