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Bulls Target Close Above 1.2763 key.....>

CABLE TECHS
CABLE TECHS: Bulls Target Close Above 1.2763 key resistance:
*RES 4: 1.2865 Apr 25 low
*RES 3: 1.2816 50-DMA
*RES 2: 1.2813 High May 21
*RES 1: 1.2767 Intraday high
*PRICE: 1.2734 @ 08:45 GMT June 24
*SUP 1: 1.2651/46 100-hma/200-hma
*SUP 2: 1.2633 Former trendline resistance, now support
*SUP 3: 1.2543 Low Jun 19
*SUP 4: 1.2476 Low Dec 12, 2018
Cable remains bullish following last week's trendline break. Momentum is rising
and further gains are favoured with the focus on the 1.2763 resistance. A
positive close above would likely encourage bulls further and trigger fresh
buying interest opening 1.2813, the May 21 high. A move above 1.2763 would also
confirm the bullish divergence between price and momentum. The former trendline
resistance now acts as support and intersects at 1.2633 today.

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