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Bears In Control Below 1.30.............>

CABLE TECHS
CABLE TECHS: Bears In Control Below 1.30
Yesterday's break & close below 1.30 shifted momentum in favour of the bears.
This brings the 38.2% retracement level at 1.2921 into play, ahead of the
100-dma at 1.2894. Bulls need to recover the 200-dma at $1.3029 to stabilise the
outlook, with topside focus on a break of 1.3160 which would trigger a bullish
pennant formation.

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