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Off cycle lows: *RES 4: 1.2382 Low......>

CABLE TECHS
CABLE TECHS: Off cycle lows:
*RES 4: 1.2382 Low Jul 17
*RES 3: 1.2249/50 Upper 1.0% 10-dma env/High Jul 31
*RES 2: 1.2210 High Aug 6 and key resistance
*RES 1: 1.2136/52 200-hma/High Aug 9
*PRICE: 1.2057 @ 08:31 GMT Aug 12
*SUP 1: 1.2015 Intraday low
*SUP 2: 1.2000 Psychological round number
*SUP 3: 1.1986 Low Jan 16 2017
*SUP 4: 1.1971 Bear channel base drawn off the May 6 high
Cable touched fresh cycle lows of 1.2015, but has since recovered to the
1.2065/70 area. Despite this, the longer-term downtrend remains intact with
Friday's break of support at 1.2080, the Aug 1 low, further cementing the move.
This brings the psychological 1.2000 level into view, ahead of the
post-referendum low at 1.1841. Bulls need to clear the previously hard to
overcome 1.2205/10 area to signal a short-term reversal.

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