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CABLE TECHS: Bears Push Through 1.29
Bears target the 100-dma at 1.2891 ahead of the Jan 11 high at 1.2866 to extend
the pullback from the Jan 25 highs. Below here opens the 61.8% retracement level
& 50-dma at 1.2810/04. Bulls need to recover the 200-dma at 1.3026 to improve
the outlook, with topside focus on a break of 1.3160 which would trigger a
bullish pennant formation.