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Pulls Away From Resistance *RES 4:......>

CABLE TECHS
CABLE TECHS: Pulls Away From Resistance
*RES 4: 1.2849 High Mar 12
*RES 3: 1.2726 Low Feb 28
*RES 2: 1.2643/48 High Apr 13 /High Apr 14 and the bull trigger
*RES 1: 1.2516 Intraday high
*PRICE: 1.2442 @ 05:50 BST May 4
*SUP 1: 1.2429 Low Apr 30
*SUP 2: 1.2389 Low Apr 29 and key intraday support
*SUP 3: 1.2298 Low Apr 24
*SUP 4: 1.2248 Low Apr 21 and the bear trigger
Cable traded higher last week. The focus has been on key resistance at 1.2648,
Apr 14 high. A break of this level would confirm a resumption of the uptrend
that has been in place since Mar 20 and open 1.2726 initially, the Feb 28 low.
However, the pair has started the week on a softer note, pulling away from
1.2648. Further weakness would expose key support at 1.2248, Apr 21 low. A
breach if seen, would highlight a reversal. Initial firm support is 1.2389.

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