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Ranges Respected *RES 3: 1.3215 High....>

CABLE TECHS
CABLE TECHS: Ranges Respected
*RES 3: 1.3215 High Feb 3 and key S/T resistance
*RES 2: 1.3085 61.8% retracement of the Feb 3 - feb 10 decline
*RES 1: 1.3061/70 50-dma / High Feb 5 and 13
*PRICE: 1.3014 @ 09:50 GMT Feb 19
*SUP 1: 1.2944/43 Low Feb 13 / 100-dma
*SUP 2: 1.2872 Low Feb 10 and key bear trigger
*SUP 3: 1.2824 Low Nov 22
Despite the release of better-than-expected inflation data, the pair's found a
hard time picking up direction so far today. Bears opened a gap with the former
trendline drawn off the Sep 3 low that was breached on Feb 6. Should the pair
correct lower from here, this would again signal a bearish threat and expose
1.2872, Feb 10 low. A move through this support opens 1.2824, the Nov 22 low.
For bulls to regain control, a break above last Thursday's high of 1.3070 would
be encouraging and would signal scope for an extension towards 1.3215, the Feb 3
high and a key near-term resistance.

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