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Back Above 1.29 Renewed momentum on.....>

CABLE TECHS
CABLE TECHS: Back Above 1.29
Renewed momentum on the break of 1.29, squeezed to 1.2926 before fading. Bulls
need to recover 1.30 to extend the uptrend that has formed from the Jan lows,
with topside focus on the 200-dma & descending trendline resistance at
1.3074/78. On the downside, bears continue to look for a close under 1.28 to
shift the focus back to 1.26, below which would target the Jan 2 low at 1.2441.

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