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CABLE TECHS: Bulls Run Out Of Steam
Cable dropped back below its 100-dma yesterday which returns the focus to the
downside and the Sep 21 low of 1.3056. A break below here targets the 50-dma at
1.2985 ahead of the Sep 5 low at 1.2786. Bulls need a close above the 100-dma to
keep the recent broader uptrend intact, targeting the 1.3200 level ahead of
1.3317 which represents the 38.2% retracement of the 2018 range.