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Shallow Recovery Despite recovering.....>

CABLE TECHS
CABLE TECHS: Shallow Recovery
Despite recovering the 1.29 handle which gave way yesterday, recoveries have so
far remained shallow and keeps the broader bearish trend intact. The Feb 12 low
at 1.2833 is the next downside target ahead of the 61.8% retracement of the 2016
lows to the 2018 highs at 1.2810. Bulls need to recover the 200/100-dmas at
1.2961/64 to stabilise the outlook, while a break back above triangle resistance
at 1.3016 would suggest an upside reversal.

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