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Consolidates Above 1.31 Cable has.......>

CABLE TECHS
CABLE TECHS: Consolidates Above 1.31
Cable has witnessed a minor retracement off yesterday's highs of 1.3175, but has
so far managed to consolidate above the 1.31 level. Bears need a close below the
100-dma at 1.3037 to regain control, targeting a break of 1.30. Down trendline
resistance off the June highs is coming in today around 1.3210, a break above
confirms a double-bottom formation, targeting a run at the Sep 20 high at
1.3298.

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