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Bulls Eye Resistance At 1.27 After a....>

CABLE TECHS
CABLE TECHS: Bulls Eye Resistance At 1.27
After a brief dip below 1.25 yesterday the pair rallied hard, stabilising the
near-term outlook and giving bulls a chance to target overhead resistance at the
1.27 level. Above here lies the 21-dma at 1.2745 and a break above here would
materially improve the short-term outlook, targeting a break back above 1.28 and
the Dec highs at 1.2840. Bears look for a close below 1.25 to extend the
downtrend towards the Apr 11 2017 low at 1.2404.

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