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200-hma key support: *RES 4: 1.2866.....>

CABLE TECHS
CABLE TECHS: 200-hma key support:
*RES 4: 1.2866 Low Apr 25
*RES 3: 1.2801/13 50-DMA and High May 21
*RES 2: 1.2784 High Jun 25 and key short-term bull trigger
*RES 1: 1.2718/27 100-hma/High Jun 20
*PRICE: 1.2677 @ 08:14 GMT June 26
*SUP 1: 1.2663/53 Intraday low/200-hma
*SUP 2: 1.2633 Low Jun 20
*SUP 3: 1.2601 Former trendline resistance, now support
*SUP 4: 1.2543 Low Jun 19
Cable failed to extend its run of five consecutive sessions of gains Tuesday,
giving more importance to yesterday's high at 1.2784. The subsequent retracement
based at the 21-dma to consolidate around the 1.2665-85 zone. Despite this,
technical conditions remain bullish following last week's trendline break with
momentum studies also trending higher. A move above 1.2784 would open 1.2866 and
1.2923. Key support intersects at 1.2653 from the 200-hma.

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