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5198 the current daily hi in cable - an upside follow thru on yesterday's bullish hammer on the daily t/f and now a fractal swing low on that t/f at 4985 created by that candle...this upside move helped by Uk services Pmi data reaction...At the current daily hi - the 1st 1/2 of a previous Daily swing hi zone with 3 x fibs - 2 of which shown and 61.8% 5322-4985...also Daily R2 and offers were touted at 5200...this previous daily swing hi zone remains the near term upside obstacle in this pairing.

G/L
 

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