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CABLE TECHS
CABLE TECHS: Pulls Bear Trigger
*RES 4: 1.2726 Low Feb 28
*RES 3: 1.2643/48 High Apr 13 /High Apr 14 and the bull trigger
*RES 2: 1.2516 High May 4
*RES 1: 1.2467 High May 20
*PRICE: 1.2223 @ 16:38 BST May 13
*SUP 1: 1.2218 Low May 13
*SUP 2: 1.2166 Low Apr 7 and a key support
*SUP 3: 1.2030 50% retracement of the Mar 20 - Apr 14 rally
*SUP 4: 1.2000 Round number support
Despite early strength, the pair reversed into the close and pulled the bear
trigger at 1.2248 in the process. This shifts the outlook negative for now,
highlighting a reversal and exposing 1.2166 and below. A break of 1.2648 is
required to confirm a resumption of the uptrend that started on Mar 20 and open
1.2726, Feb 28 low initially. On the downside, a move through 1.2248 would
instead.

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