Well cable’s first go at 1.6600 was batted back by aforementioned sell interest just ahead of said level, topping out for now at 1.6591. We’re back at 1.6570, with initial trailing support at 1.6560/65.
Just think if the Old Lady were not to extend QE tomorrow (unlikely in my opinion) then my crappy year end forecast of 1.8000 for cable might even be in the cards (or on the cards if you’re in England) Yer right!!!
