Free Trial

Outlook Neutral Despite dipping as......>

CABLE TECHS
CABLE TECHS: Outlook Neutral
Despite dipping as low as 1.2854 yesterday the pair staged a sharp recovery back
through 1.2950, keeping the outlook neutral. Bulls need to clear the 200-dma at
1.3023 to improve the outlook, with topside focus on a break of 1.3160 which
would trigger a bullish pennant formation. Bears need a downside break of
yesterday's low to regain control, targeting the Jan 11 high at 1.2866, ahead of
the 50-dma at 1.2809.

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.