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Downtrend Intact Political..............>

CABLE TECHS
CABLE TECHS: Downtrend Intact
Political uncertainty pressured to multi-month lows of 1.2606, before staging a
minor recovery. Despite this, the recent downtrend remains intact with support
seen on approach to 1.2600. A downside break is likely to accelerate the move
towards the 2% lower Bollinger band at 1.2593, ahead of Jan 3 hourly support at
1.2550/55. Bulls need to recover 1.2715/20, which has registered a previous
series of highs/lows. While a break above 1.28 would stabilise the outlook,
putting the focus back on neckline support-turned-resistance at 1.2900.

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