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Rallies Sold *RES 3: 1.3048 High May....>

CABLE TECHS
CABLE TECHS: Rallies Sold
*RES 3: 1.3048 High May 10
*RES 2: 1.3013 High Oct 21 and bull trigger
*RES 1: 1.2985 High Nov 18
*PRICE: 1.2914 @ 16:52 GMT Nov 21
*SUP 1: 1.2868 Low Nov 15
*SUP 2: 1.2816 Low Nov 12
*SUP 3: 1.2769 Low Nov 8 and bear trigger
Rallies were sold in the pair Thursday, with early positivity erased to finish
largely neutral. The pair maintains a firmer outlook following Monday's gains
that resulted in a break of resistance at 1.2921, a trendline drawn off the Oct
21 high. This break confirms a bull flag formation since Oct 21, signalling a
resumption of the uptrend that began in early September. Attention is on 1.3013,
Oct 21 high and the bull trigger. Initial support is 1.2868, Nov 15 low. A break
would concern bulls and potentially re-open 1.2769.

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