Resistance 3: $1.6050
Resistance 2: $1.5920
Resistance 1: $1.5880
Current price: $1.5702
Support 1: $1.5540
Support 2: $1.5400
Support 3: $1.5260
Comments: Cable is still failing to build significantly on the recent
double-day
low and the daily stochastic remains in neutral territory. Resistance
comes at $1.5880 (Friday high) and
$1.5920 (resistance since October 20). Stronger one remains at $1.6050
and 21-DMA now near $1.6320. Closest support spotted at the Friday's
session low $1.5535/40. A
decisive break below October 28 low $1.5400 puts October 24, 27 low at
$1.5260/80 back in focus.