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Faltering: *RES 3: 1.2866 Low Apr 25....>

CABLE TECHS
CABLE TECHS: Faltering:
*RES 3: 1.2866 Low Apr 25
*RES 2: 1.2809/13 50-DMA and High May 21
*RES 1: 1.2784 Intraday high
*PRICE: 1.2719 @ 15:45 GMT June 25
*SUP 1: 1.2700 100-hma
*SUP 2: 1.2668/50 21-dma/200-hma
*SUP 3: 1.2617 Former trendline resistance, now support
Cable failed to extend its run of five consecutive sessions of gains Tuesday,
and will need to clear the 1.2760/70 levels on a closing basis to resume the
recent uptrend. Technical indicators remain bullish following last week's
trendline break, with any move above representing an important technical
development and likely to trigger fresh buying interest towards 1.2813, the May
21 high. A clear breach of 1.2763 would also confirm the bullish divergence
between price and momentum.

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