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Bulls need to clear 1.2760-70 zone:.....>

CABLE TECHS
CABLE TECHS: Bulls need to clear 1.2760-70 zone:
*RES 4: 1.2925 61.8% retracement of the May 6-May 18 decline
*RES 3: 1.2866 Low Apr 25
*RES 2: 1.2809/13 50-DMA and High May 21
*RES 1: 1.2784 Intraday high
*PRICE: 1.2762 @ 08:30 GMT June 25
*SUP 1: 1.2700 100-hma
*SUP 2: 1.2668/50 21-dma/200-hma
*SUP 3: 1.2617 Former trendline resistance, now support
*SUP 4: 1.2543 Low Jun 19
Cable looks to continue its run of five consecutive sessions of gains, but will
need to clear the 1.2760/70 level on a closing basis to extend the uptrend.
Technical indicators remain bullish following last week's trendline break, with
any move above representing an important technical development and likely to
trigger fresh buying interest towards 1.2813, the May 21 high. A clear breach of
1.2763 would also confirm the bullish divergence between price and momentum.

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