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CABLE TECHS: Nearing Three Week Highs
The Tuesday close above the 100 and 200-dmas & 1.30 level triggered fresh
bullish signals, with bulls now targeting a close north of 1.31. A close above
these levels opens the 50-dma & 50% retracement level at 1.3106/09. On the
downside bears need to clear the 1.29 level to change the outlook, before
returning the focus to the Apr 26 low at 1.2866.