forecast had some success as CABLE was sold to lower levels for a 5th day in a row. But the lows of the day were sharply rejected in the latter stages with a strong positive bounce taking the market to a small net gain and to a retest of the 13 day mvg avg
. This broad oscillation around that mvg avg
means signals for sentiment cannot be strong but although caution needs to be employed our call for this morning is a Cautious Buy from 7am but leaving room to also Buy any Dip to 1.3917. The risk is 1.3888 with an immediate target of 1.3965. A move through that point then exposes sentiment to yesterday's 1.3989 top or even Tuesday’s 1.4025 peak.