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$1.2900 Area Becomes Pivotal To.........>

CABLE TECHS
CABLE TECHS: $1.2900 Area Becomes Pivotal To Intraday Direction
*RES 4: $1.3022 50% of $1.3269-$1.2774, Aug 14 high
*RES 3: $1.3001 1% volatility band
*RES 2: $1.2979 Aug 29 high
*RES 1: $1.2938 Intraday high
*PRICE: $1.2914 @0858GMT
*SUP 1: $1.2896/00 Intraday low, initial rally high Aug 28
*SUP 2: $1.2874 Aug 28 low
*SUP 3: $1.2852 61.8% Fibo of $1.2774-$1.2979
*SUP 4: $1.2822 76.4% Fibo of $1.2774-$1.2979
*COMMENTARY* The recovery faltered on Tuesday at $1.2979, shy of a test to the
upper 1% volatility band and the next Fibo retrace, the 50% at $1.3022. Downside
now exploring support from around $1.2900, sustained break lower will have the
capacity to reach $1.2874-$1.2822 as we correct the recent gains from the Aug 24
low at $1.2774. Meanwhile, back above the day's $1.2938 high needed to boost
near term hopes.

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