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Bearish Theme Cemented *RES 4: 1.3514...>

CABLE TECHS
CABLE TECHS: Bearish Theme Cemented
*RES 4: 1.3514 High Dec 13 and primary resistance
*RES 3:1.3422 High Dec 16
*RES 2: 1.3338 High Dec 17
*RES 1: 1.3134 High Dec 18
*PRICE: 1.2945 @ 15:38 GMT Dec 23
*SUP 1: 1.2905 Low Dec 23
*SUP 2: 1.2900 Psychological Support
*SUP 3: 1.2863 2.0% 10-dma envelope
*SUP 4: 1.2879 Low Nov 29
Weakness resumed Monday despite quieter markets elsewhere. The mini-recovery
Friday was insufficient to materially change the outlook after the pair ended up
closing the session near the lows. Bearish conditions remain in place for now.
The move lower Monday resulted in a print below the 50-dma for the first time
since October, opening $1.29 support and the 2.0% 10-dma envelope line and
potentially lower still. Initial resistance is at 1.3134, Dec 18 high.

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