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Free AccessBulls Need Close Above 55-WMA * The.....>
CABLE TECHS: Bulls Need Close Above 55-WMA
* The break of the key $1.3314 resistance lacked follow through with the move
aggressively rejected ahead of the 55-DMA Monday.
* Bears now need a close below $1.3188 to reconfirm focus on $1.2995-1.3048
where 2018 lows are noted.
* Bulls continue to look for a close above the 55-WMA ($1.3456) to shift initial
focus to $1.3586-1.3711 where 100 ($1.3668) & 200 ($1.3586) DMAs are located.
* The Bollinger top is noted at $1.3358 and is the key concern for bulls.
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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.