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Remains vulnerable: *RES 4: 1.2784......>

CABLE TECHS
CABLE TECHS: Remains vulnerable:
*RES 4: 1.2784 High Jun 25 and key trigger for bulls
*RES 3: 1.2717/35 High Jul 1 / High Jun 28
*RES 2: 1.2634/71 100-hma/200-hma
*RES 1: 1.2600/06 High Jul 3 / High Jun 17
*PRICE: 1.2582 @ 04:17 GMT July 4
*SUP 1: 1.2557 Low Jul 3
*SUP 2: 1.2543/40 Low Jun 19/Lower 2% Bollinger Band
*SUP 3: 1.2506 Low Jun 18
*SUP 4: 1.2441 Low Jan 3
Cable remains under pressure following this weeks selling pressure and the risk
is for further downside. The focus is on the Jun 19 low of 1.2543 with key
support at 1.2506, the Jun 18 low also exposed. A break of this latter level
would confirm a resumption of the bear trend and also negate the recent bullish
signal marked by the trendline break on Jun 20. On the upside, initial
resistance is seen at the 1.2634/71 zone.

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