Free Trial

Supported Ahead Of $1.3292 *RES 4:......>

CABLE TECHS
CABLE TECHS: Supported Ahead Of $1.3292
*RES 4: $1.3528 High May 18 
*RES 3: $1.3491 Hourly resistance May 18, High May 22 
*RES 2: $1.3441 High June 11 
*RES 1: $1.3424 High June 12
*PRICE: $1.3388 @ 0430GMT
*SUP 1: $1.3355 Hourly support June 13 
*SUP 2: $1.3292 Low June 4 
*SUP 3: $1.3240 Low May 30 
*SUP 4: $1.3203 2018 Low May 29
*COMMENTARY: Failure to trouble the $1.3292 support on Wednesday's dip is less
than ideal for bears who continue to look for a close below $1.3203 to reconfirm
the bearish bias and focus on $1.2995-1.3071 where the 100-WMA is found. Layers
of resistance remain with bulls now needing a close above $1.3528 to shift
immediate focus to $1.3601-1.3711 where 55 & 200-DMAs are noted.

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.