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Real-time insight on key fixed income and fx markets.
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Free AccessFlirting With 55-WMA & 21-DMA *RES 4:...>
CABLE TECHS: Flirting With 55-WMA & 21-DMA
*RES 4: $1.3591 200-DMA
*RES 3: $1.3528 High May 18
*RES 2: $1.3491 Hourly resistance May 18, High May 22
*RES 1: $1.3421 High May 24
*PRICE: $1.3408 @ 0220GMT
*SUP 1: $1.3379 Hourly support June 5
*SUP 2: $1.3331 Alternating hourly support/resistance
*SUP 3: $1.3292 Low June 4
*SUP 4: $1.3240 Low May 30
*COMMENTARY: The recovery from 2018 lows sees the pair flirting with the 55-WMA
($1.3413) & 21-DMA ($1.3411). Bulls need a close above $1.3421 to confirm
traction above and shift focus to $1.3591-1.3711 where the 200-DMA is situated.
Support layers building add to bullish confidence. Bears now look for a close
below $1.3331 to gain breathing rom and below f $1.3203 needed to reconfirm the
bearish bias and focus on $1.2995-1.3068 where the 100-WMA is found.
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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.