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Bulls Target Down Trendline.............>

CABLE TECHS
CABLE TECHS: Bulls Target Down Trendline Resistance
Cable has recovered has recovered some losses in recent trading after holding
above the 200-dma on Friday with bulls looking to clear the 50-dma at 1.3095 to
mount an upside reversal. Above here opens the Apr 5 high at 1.3123, ahead of
down trendline resistance from the March 13 high and the 1.3190/00 level which
has proved hard to overcome in recent sessions. Bears need a downside break of
1.30 to challenge the 200-dma at 1.2973. A close below here would shift the
outlook bearish and open the Mar 1 low & 100-dma at 1.2949/35.

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