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Cable triggers stops

By   || July 3, 2009 at 10:37 GMT
|| 1 comment || Add comment

Cable has triggered stops just below 1.6320, presently down at 1.6305.  Technical supports as mentioned now at 1.6300 and 1.6280, more sell stops in 1.6275/80 area. 

Best chance for cable here is that there are people who see cable stuck in a 1.62/1.66 range, and 1.6200/1.6300  as a good area to build long positions.

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One Response to “Cable triggers stops”

  1. Mark on July 3rd, 2009 10:52 GMT

    Just look at the daily for cable, head and shoulders may have formed…

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