The Marabuzo line created on May 28th continues to show its relevance as a pivot point. Initially resistance it is now supporting CABLE with yesterday's demand regaining most of the preceding days decline.
Prices remain within the daily Ichimoku Cloud and around the key 13 day moving average and so sentiment cannot be strong. But, yesterday's downside rejection, and modest Asian buying, leaves intraday sentiment mildly positive with scope through 1.6819 to 1.6845, last week's high point.
