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Cracks the 1.2440 handle: *RES 4:.......>

CABLE TECHS
CABLE TECHS: Cracks the 1.2440 handle:
*RES 4: 1.2600 High Jul 3
*RES 3: 1.2582 High Jul 15
*RES 2: 1.2521/29 High Jul 16 / 100-hma
*RES 1: 1.2440 Low Jul 9 and former bear trigger
*PRICE: 1.2415 @ 04:26 GMT July 17
*SUP 1: 1.2397 Low Jul 16 / Multi-year low
*SUP 2: 1.2352/51 1.618% swing of 1.2440-1.2582 / April 2017 low
*SUP 3: 1.2317 3% Lower Bollinger Band
*SUP 4: 1.2110 March 2017 low
Cable confirmed resumption of its downtrend on the break Tuesday of 1.2440,
printing fresh multi-year lows at 1.2397. Also weighing is the recent rejection
off 1.2580, resulting in a failed attempt to breach trendline resistance drawn
off the Jun 25 high. The break lower leaves little support until 1.2352, marking
the 1.618% swing line and the April 2017 lows of 1.2351. Former support at
1.2440 provides initial resistance ahead of yesterday's 1.2521 high.

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