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Failing to Break Higher Cable saw.......>

CABLE TECHS
CABLE TECHS: Failing to Break Higher
Cable saw some uplift from positive headlines surrounding Brexit briefly
breaking back above the up trendline from the August lows and its 50-dma
yesterday but failed to hold on to any gains. The near-term support is at 1.2922
(Oct 4 lows) with the 61.8% retracement from 2016 lows to 2018 highs is at
1.2810 and the 2018 lows at 1.2662. Bulls need to initially break and close
above the up trendline at 1.3018 and recover the 100-dma at 1.3083 to improve
the near-term outlook and close back above 1.32 to regain momentum, before
targeting the Sep 20 high at 1.3298.

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