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Bears have tested the 200-dma, coming...>

CABLE TECHS
CABLE TECHS: Bears have tested the 200-dma, coming in at $1.3033 today, over the
last 24 hours, but the level held on a closing basis. The failure to close below
this level keeps the recent recovery intact with bulls looking to trigger a
bullish pennant formation on the break of 1.3160. Above here brings the Jan
highs at 1.3217 into view, ahead of a run at the Sep highs just below 1.3300.
Bears need a close below the aforementioned 200-dma to challenge the 1.30 area
which marks the Jan 17 high and up trendline support.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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