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Fade The Rally European traders faded...>

CABLE TECHS
CABLE TECHS: Fade The Rally
European traders faded the overnight rally with a reversal back through 1.31.
Bulls need a close above the 200-dma & trendline resistance at 1.3059/82 to
stabilise the outlook. This brings the Asia high at 1.3139 into play, ahead of
the Nov 7 high at 1.3175. Bears need a close below 1.30 which marks uptrend
support from the Jan 3 lows, putting focus back on the 1.28 level.

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