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Spreads Steady as US Look to Reduce Pump Prices




JPM on CNB: Still Room For Further Hikes


PMI not as weak as European numbers implied

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CABLE TECHS: Rally Still Has An Eye On Last Year's High
*RES 4: $1.3724 2% volatility band 
*RES 3: $1.3698 3 month bull channel top projection
*RES 2: $1.3659 Sep 20 high
*RES 1: $1.3613 Intraday high
*PRICE: $1.3587 @0935GMT
*SUP 1: $1.3540/44 Hourly support, Dec 29 high
*SUP 2: $1.3522 Initial rally high Jan 1, now support
*SUP 3: $1.3495 Hourly base Dec 29
*SUP 4: $1.3457/67 Dec 28, Dec 14 highs, now support
*COMMENTARY* The rally surpassed the upper 1% volatility band on Tuesday, at
$1.3589 by time today, a high of $1.3613 so far, as we line up a potential
challenge to last year's $1.3659 peak. In the interim, support moves up to
$1.3544-$1.3522, loss of the latter would caution but currently requiring a loss
of the lower $1.3495 level, before belief in any deeper correction will surface.
Above $1.3659 and the 3 month bull channel top at $1.3698 is next attraction.

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