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Cable slips again

By   || March 15, 2010 at 11:04 GMT
|| 3 comments || Add comment

Cable down at session low 1.5020 amid reports of UK clearer sales.  Murmurings interest tied to Prudential’s purchase of AIA. 

Might see some support emerge around psychological 1.5000.  Stops as aforementioned tipped through 1.4990.

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3 Responses to “Cable slips again”

  1. Johny Carr on March 15th, 2010 11:44 GMT

    Thanks Gerry- can i just ask when you say stops at 1.4990- do u mean stop losses for long positions – which will be sell stops or take profits for short positions which will be buy stops- sorry a bit new to the terminology but getting there

  2. Gerry Davies on March 15th, 2010 12:03 GMT

    it means those who are long and wrong throwing in the towel and selling

  3. Johny Carr on March 15th, 2010 12:24 GMT

    Ok i see- Thankyou Gerry

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