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Bearish Below 21-DMA Despite a brief....>

CABLE TECHS
CABLE TECHS: Bearish Below 21-DMA
Despite a brief look above its 21-dma Friday the level remained intact on a
closing basis keeping the broader outlook negative. 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 1.2744, ahead of
the Dec highs at 1.2840. Downside focus remains on a break of 1.25 & ytd low at
1.2478, before challenging the Apr 11 2017 low at 1.2404.

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