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100-DMA Support Holding For Now The.....>

CABLE TECHS
CABLE TECHS: 100-DMA Support Holding For Now
The 100-dma at 1.3094 was tested earlier this morning but the market has let up
as the USD softens a little. To the downside is Monday's low at 1.3060 and a
break below this level would give bears the momentum, targeting the Oct 4 lows
and extending the broader downtrend. Bulls need to hold the 100-dma and close
back above 1.32, before targeting the Sep 20 high at 1.3298. A break here would
confirm a large inverse head-and-shoulders pattern, suggesting further topside
gains.

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