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Fresh 2018 & 9mth lows lacked follow....>

CABLE TECHS
MNI (London)
CABLE TECHS: Fresh 2018 & 9mth lows lacked follow through with cable flirting
with the 100-WMA ($1.3073) before rallying Friday. The rally bought bulls
breathing room but a close above $1.3314 remains needed to shift initial focus
back to $1.3429-1.3528 where the 55-WMA ($1.3445) & 55-DMA ($1.3429) are noted.
Bears dominate while $1.3314 caps and continue to look for a close below to
$1.2995 initially target $1.2770 Aug lows.
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com

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