Free Trial

Enters Into Support From Between........>

CABLE TECHS
CABLE TECHS: Enters Into Support From Between $1.3715-$1.3702
*RES 4: $1.3895 Apr 26 low, now resistance
*RES 3: $1.3855/65 hourly basing area Apr 27, now resistance
*RES 2: $1.3808 Hourly recovery high Apr 27
*RES 1: $1.3787/93 Hourly resistance, Apr 30 high
*PRICE: $1.3741 @0804GMT
*SUP 1: $1.3712/15 Mar 1 low, weekly support line Mar 2017
*SUP 2: $1.3702 50% of $1.3027-$1.4377
*SUP 3: $1.3675 76.4% Fibo of $1.3458-$1.4377
*SUP 4: $1.3657/59 2% volatility band, Sep 20 high, 
*COMMENTARY* Monday saw the the Mar 1 low at $1.3712 and the weekly support line
from Mar 2017 under pressure. Slightly below here resides the 50% Fibo retrace
at $1.3702 and the protection against a further $1.3675-$1.3657 slip. Resistance
from $1.3787-$1.3808, above would allow a higher $1.3865-$1.3895 recovery but
back above Friday's $1.3935 high is currently needed to generate any real
momentum.

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.