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Rallied Through 1.27 Cable briefly......>

CABLE TECHS
CABLE TECHS: Rallied Through 1.27
Cable briefly rallied through 1.2720, before quickly fading the move. Bulls
target a break of the 1.2740/45 double-top area which has so far proved hard to
overcome. This would bring the 1.28 level back into view, with any moves above
1.2813 suggesting a bullish reversal is in play. Bears need to clear the 200-hma
& 50% retracement of $1.2559-1.2744, before returning the focus to the 1.26
level, ahead of the ytd low at 1.2559.

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