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21-DMA Remains Intact Cable stuck to...>

CABLE TECHS
CABLE TECHS: 21-DMA Remains Intact 
Cable stuck to Tuesday's range yesterday as the 21-dma continues to cap gains
keeping the bearish trend intact. Bears continue to focus on a break of 1.25 &
the ytd low at 1.2478, before challenging the Apr 11 2017 low at 1.2404. Bulls
need a convincing break of 1.27 (series of previous lows) & the 21-dma to
improve the short-term outlook. A close above targets the 38.2% retracement
level at 1.2710/44, ahead of the Dec highs at 1.2840.

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