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

CABLE TECHS
CABLE TECHS: 200-hma marks 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: 1.2713 100-hma
*PRICE: 1.2695 @ 15:46 GMT June 26
*SUP 1: 1.2660/63 200-hma and Low Jun 26
*SUP 2: 1.2633 Low Jun 20
*SUP 3: 1.2585 Former trendline resistance, now support
Cable is consolidating, following the rejection recently off Tuesday's high of
1.2784. This level has now been defined as a key near-term resistance. Despite
the pullback, technical conditions remain bullish following last week's
trendline break with momentum studies also pointing north. A move above 1.2784
would confirm a resumption of the uptrend and open 1.2866 and 1.2923. Key
support for now lies around the 200-hma currently at 1.2660 and just below
yesterday's low.

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