Free Trial

Bulls Target $1.4150 While 21-DMA.......>

CABLE TECHS
CABLE TECHS: Bulls Target $1.4150 While 21-DMA Supports
*RES 4: $1.4286 High Jan 26 
*RES 3: $1.4150 Low Feb 1 now resistance 
*RES 2: $1.4069 High Feb 26 
*RES 1: $1.3997 High Feb 27
*PRICE: $1.3981 @ 0415GMT
*SUP 1: $1.3959 Hourly support Mar 14 
*SUP 2: $1.3918 21-DMA 
*SUP 3: $1.3775 55-DMA 
*SUP 4: $1.3836 Hourly resistance Mar 8 now support
*COMMENTARY: The close above $1.3940 confirmed a break of the 21-DMA ($1.3918)
with bullish focus shifting to tests of the $1.4150 resistance. Daily studies
are well placed for gains although the Bollinger top at $1.4089 may limit follow
through. Bears continue to look for a close below the 21-DMA to ease bullish
pressure and below the 55-DMA to shift focus back to $1.3710-54 where Mar lows
so far are noted.

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.