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Shallow Recovery Failure to recover.....>

CABLE TECHS
CABLE TECHS: Shallow Recovery
Failure to recover the 1.31 handle yesterday has seen the retracement extend
through 1.3020 amid the backdrop of broad dollar demand. A downside break of
1.30 returns the focus to the 100 & 200-dma's at 1.2986/58. Bulls look for a
close above 1.31 & the 50-dma to accelerate the uptrend towards cloud top
resistance at 1.3161. Above here opens the 38.2% fibo at 1.3181, ahead of a run
at the 1.32 area.

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