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CABLE TECHS: 1.3035/43 Key for Next Move
The 100-dma at 1.3035 and 61.8% retracement from 1.2696-1.3258 at 1.3043 have
been key for cable. The pair looks to close below here and may be the first sign
that bears are regaining control to target cloud base support at 1.2980. Bulls
need to recover 1.3210 to trigger a double-bottom formation, a level that also
holds the descending trendline off the Sep 20 high.