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Above 1.30 Retains Bullish Trend........>

CABLE TECHS
CABLE TECHS: Above 1.30 Retains Bullish Trend
Despite attempts to push lower, the 1.30 level is holding firm. A weekly close
above retains the bullish trend with the 50-dma acting as near-term resistance
at 1.3037. A break here would confirm a solid base is forming, opening the
August highs at 1.3143. Failure to hold 1.30 would shift the outlook back to
neutral while a break below 1.2900 would see downside momentum build with bears
targeting the 1.2750 level and Aug 15 low at 1.2662.

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