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Path of least resistance remains........>

CABLE TECHS: Path of least resistance remains down:
*RES 3: 1.2763 High Jun 7 and key resistance
*RES 2: 1.2687 Trendline resistance drawn off the May 6 high
*RES 1: 1.2606 High Jun 17
*PRICE: 1.2572 @ 09:04 GMT June 19
*SUP 1: 1.2500 Round number support
*SUP 2: 1.2476 Low Dec 12, 2018
*SUP 3: 1.2407 Low Jan 3 and major support
Despite the modest recovery off the Tuesday low in Cable, this does not
materially change the firm downward trend and the recent break to fresh lows
continues to weigh. Bearish conditions remain in place and the focus is on the
potential for a move towards 1.2500 with the Jan 3 low of 1.2407 also coming
into view. Potential bullish divergence between price and momentum on the daily
frequency is developing, however this does not represent a significant threat to
bears at this stage.

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