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Key trigger for bulls at 1.2784: *RES...>

CABLE TECHS
CABLE TECHS: Key trigger for bulls at 1.2784:
*RES 4: 1.2926 61.8% retracement of the May 6-Jun 18 decline
*RES 3: 1.2866 Low Apr 25
*RES 2: 1.2809/13 50-DMA and High May 21
*RES 1: 1.2784 High Jun 25 and key short-term bull trigger
*PRICE: 1.2673 @ 05:25 GMT June 25
*SUP 1: 1.2672 Low Jun 25
*SUP 2: 1.2633 Low Jun 20
*SUP 3: 1.2601 Former trendline resistance, now support
*SUP 4: 1.2543 Low Jun 19
Cable failed to extend its run of five consecutive sessions of gains Tuesday.
This has highlighted the importance of yesterday's 1.2784 high where a break is
now required to confirm a resumption of the recent rally. Technical conditions
remain bullish following last week's trendline break with momentum studies also
trending higher. A move above 1.2784 would open 1.2866 and 1.2923. Initial
support intersects at 1.2601, the former trendline resistance.

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