Free Trial

Key $1.3457-67 Support Holds And........>

CABLE TECHS: Key $1.3457-67 Support Holds And Launches Fresh Recovery
*RES 4: $1.3659 Sep 20. 2017 high
*RES 3: $1.3613 Jan 3 high
*RES 2: $1.3585/86 Jan 9, Jan 8 highs
*RES 1: $1.3562 Jan 10 high
*PRICE: $1.3539 @1535GMT
*SUP 1: $1.3480/90 Hourly support
*SUP 2: $1.3457/67 Dec 28, Dec 14 highs, now support
*SUP 3: $1.3419/21 Dec 18, Dec 20 highs, now support
*SUP 4: $1.3400 1% volatility band
*COMMENTARY* The failure to move back above $1.3585 resistance the catalyst for
today's earlier fall, which by losing previous $1.3482 support, now puts
pressure on the $1.3467-$1.3457 area. Ideally have to hold above here in order
to retain recent upside momentum, garnered since the hold at $1.3302 last month.
In the meantime, following the subsequent rise, 1.3562 and that $1.3585 area
stand in the way of any recovery.

To read the full story

Why Subscribe to


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.