Free Trial

Remains Capped Ahead of 200-WMA *RES....>

CABLE TECHS
CABLE TECHS: Remains Capped Ahead of 200-WMA
*RES 4: $1.4286 High Jan 26 
*RES 3: $1.4162 Low Feb 1 now resistance 
*RES 2: $1.4086 Hourly support Feb 15 now resistance 
*RES 1: $1.4033 Hourly resistance Feb 19
*PRICE: $1.3978 @ 0530GMT
*SUP 1: $1.3958 Low Feb 19 
*SUP 2: $1.3923 High Feb 13 now support 
*SUP 3: $1.3794 Low Feb 12 
*SUP 4: $1.3763 Low Feb 9
*COMMENTARY: The recovery from Feb lows so far ($1.3765) sees bulls looking for
a close above $1.4162 to confirm focus on 2018 highs and the key 200-WMA lurking
above. A weekly close above the 200-WMA was last seen in Q4 2014. A close above
would target $1.5019 2016 highs. The $1.3923 support remains key. Bears still
need a close below $1.3923 to target $1.3657-1.3765.

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.