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Bids around 1.6250 in cable

By   || August 30, 2009 at 20:50 GMT
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Those looking for an entry level into the cable might consider 1.6250. There is a possible double-bottom at 1.6160 forming on the hourly chart with a neckline at 1.6250 and I also heard on Friday last of bids now around this level. (chart to come). The market is currently trading close to its NY closing level at 1.6265.

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