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Rally Loses Steam Cable spiked above....>

CABLE TECHS
CABLE TECHS: Rally Loses Steam
Cable spiked above 1.31 on Friday but settled just ahead of the 1.3050 level
which is under pressure today. A break below Friday's low of 1.3012 and the
50-dma at 1.3011 would trigger further weakness as the uptrend from the Aug lows
gives way, opening the Oct 4 lows at 1.2922 and 61.8% short-term retracement
level at 1.2905. To regain upward momentum, bulls need to re-take the 100-dma
and close back above 1.32, before targeting the Sep 20 high at 1.3298. 

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