We have seen some big buyers emerging already this week in the cable led by the Russian and ably abetted by some of the bigger Middle Eastern players. As you know I’m quite long and very bullish in cable so my views are totally biased. I’m hoping to off-load some on rallies towards 1.6100/50 and then start re-setting on dips. I will start reducing if the market breaks back below 1.5800. Short term parameters are now at 1.5870/1.5955.