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Recent Gains Considered Corrective


Trend Needle Points North Despite Recent Pullback


Trend Needle Points North Despite Recent Pullback


Late SOFR/Treasury Option Roundup

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Remains Capped On Approach To 200-WMA...>

CABLE TECHS: Remains Capped On Approach To 200-WMA
*RES 4: $1.4372 200-WMA 
*RES 3: $1.4344 2018 High Jan 25 
*RES 2: $1.4286 High Jan 26 
*RES 1: $1.4188 Hourly support Feb 1 now resistance
*PRICE: $1.4113 @ 0530GMT
*SUP 1: $1.4081 Hourly support Feb 5 
*SUP 2: $1.3977 Low Jan 30 
*SUP 3: $1.3927 21-DMA 
*SUP 4: $1.3914 Low Jan 23
*COMMENTARY: Continued hesitation on approach to the 200-WMA is a concern for
bulls and combined with correcting O/B daily studies increases the risk of a
correction initially targeting $1.3914-77. Overall bears need a close below
$1.3914 to confirm a break of the 21-DMA and shift focus to $1.3585-1.3720.
Bulls now need a close above $1.4188 to gain breathing room and above the
200-WMA to target $1.5018.

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