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1.2763 the target: *RES 4: 1.2829.......>

CABLE TECHS
CABLE TECHS: 1.2763 the target:
*RES 4: 1.2829 50-DMA
*RES 3: 1.2813 High May 21
*RES 2: 1.2763 High Jun 7 and key resistance
*RES 1: 1.2727 Intraday High
*PRICE: 1.2720 @ 15:42 GMT June 20
*SUP 1: 1.2543 Jun 19 low
*SUP 2: 1.2500 Round number support
*SUP 3: 1.2476 Low Dec 12, 2018
*SUP 4: 1.2407 Low Jan 3 and major support
Cable extends gains throughout Asia and European trading hours before flagging
slightly after topping out at 1.2727. The overnight breach of trendline
resistance at 1.2665 keeps momentum in favour of the bulls, with 1.2763 the next
target. A close above the trendline looks realistic Thursday, strengthening the
case for bulls. The bullish divergence between price and momentum is now
relevant in relation to a reversal.

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