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Between Trendline and 100-DMA Cable.....>

CABLE TECHS
CABLE TECHS: Between Trendline and 100-DMA
Cable spiked above 1.31 on Friday but settled just ahead of the 1.3050 level
which is under pressure today. A break below Friday's low of 1.3012 and the
50-dma at 1.3011 would trigger further weakness as the uptrend from the Aug lows
gives way, opening the Oct 4 lows at 1.2922 and 61.8% short-term retracement
level at 1.2905. To the topside the 100-dma at 1.3088 has been holding today and
bulls need to close back above 1.32 to regain momentum, before targeting the Sep
20 high at 1.3298.

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