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$1.2995 Support Remains Key * The.......>

CABLE TECHS
CABLE TECHS: $1.2995 Support Remains Key
* The failure to trouble the 55-DMA ($1.3327) and the key $1.3662 resistance
resulted in a sharp sell-off Tuesday that sees immediate pressure back on
$1.2995-having made fresh 2018 & 11mth highs. 
* Bears continue to look for a close below $1.2995 to target $1.2587 June 2017
lows. 
* Layers of resistance are building and weighing. 
* Bulls now need a close above $1.3125 to gain breathing room. 
* A close above the key $1.3362 resistance remains needed to confirm a break of
the 55-DMA and shift initial focus to $1.3446.

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