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Intraday Spike Given Back Cable has.....>

CABLE TECHS
CABLE TECHS: Intraday Spike Given Back
Cable has dropped back to the lower side of its range following the spike to as
high as 1.3122 after Merkel's five-year limit backstop headline was retracted.
This brings the focus back to the 1.30 level ahead of the 200-dma at 1.2972. A
close below here would shift the outlook bearish and open the Mar 1 low &
100-dma at 1.2949/35. Bulls need to recover the 1.31 level, before putting the
focus back on the Apr 5 high at 1.3123.

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