Bearish below trendline: *RES 4:........>

CABLE TECHS: Bearish below trendline:

*RES 4: 1.2689 76.4% retracement of the decline between Jun 25-Jul 17

*RES 3: 1.2630 61.8% retracement of the decline between Jun 25-Jul 17

*RES 2: 1.2600 High Jul 3

*RES 1: 1.2558/61 High Jul 18 / Trendline drawn off the May 6 high

*PRICE: 1.2457 @ 4:18 GMT July 23

*SUP 1: 1.2427 Low Jul 18

*SUP 2: 1.2382 Low Jul 17 / Multi-year low

*SUP 3: 1.2352/51 1.618% swing of 1.2440-1.2582 / April 2017 low

*SUP 4: 1.2300 Round number support

Cable remains in a downtrend following fresh ytd lows printed last week at

1.2382. Key resistance seen at 1.2582, the high of Jul 15. A break above this

level is required to relieve some bearish pressure and allow for a short-term

corrective bounce. Note this would also result in a break of a trendline drawn

off the May 6 high that intersects at 1.2561 today. Until then, the underlying

trend remains down with the bear trigger at 1.2382. A break opens 1.2351.