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Free AccessBulls Need Close Above $1.3187 *RES.....>
CABLE TECHS: Bulls Need Close Above $1.3187
*RES 4: $1.3375 High Sept 8 2016
*RES 3: $1.3264 2017 High Aug 3
*RES 2: $1.3187 Low Aug 2 now resistance
*RES 1: $1.3164 High Aug 4
*PRICE: $1.3128 @ 0430GMT
*SUP 1: $1.3116 High Sept 7 now support
*SUP 2: $1.3093 Hourly support Sept 7
*SUP 3: $1.3063 Hourly support Sept 7a
*SUP 4: $1.3019 Low Sept 6
*COMMENTARY: Gains continue for the pair with bulls now focused on $1.3164-87.
Bulls need a close above $1.3187 to confirm focus on retests of 2017 highs. The
Bollinger band top ($1.3106), O/B studies and momentum divergence are concerns
for bulls. In saying that, bears now need a close below $1.3093 to ease
immediate bullish pressure and below $1.3063 to shift initial focus back to
$1.2995-1.3019.
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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.