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Free AccessBulls Focused On $1.3335-43 *RES 4:.....>
CABLE TECHS: Bulls Focused On $1.3335-43
*RES 4: $1.3463 High Sept 27
*RES 3: $1.3430 Hourly resistance Sept 29
*RES 2: $1.3343 Low Sept 28 now resistance
*RES 1: $1.3335 21-DMA
*PRICE: $1.3289 @ 0430GMT
*SUP 1: $1.3240 Hourly support Oct 12
*SUP 2: $1.3179 Hourly resistance Oct 12 now support
*SUP 3: $1.3121 Low Oct 12
*SUP 4: $1.3074 Hourly support Oct 9
*COMMENTARY: Bulls remain focused on $1.3335-41 after the dip below the 55-DMA
($1.3143) was aggressively reversed last week. Bulls need a close above $1.3343
to end bearish hopes, shifting immediate focus to $1.3461-1.3514 and overall
focus to $1.3656-1.3708 where 2017 highs and the bull channel top are situated.
Bears need a close below $1.3240 to ease bullish pressure and below $1.3121 to
focus on $1.2995-1.3034.
To read the full story
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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.