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Suffers Another Bearish Session

CABLE TECHS
  • Today has seen trendline support at 1.2867 breached, drawn off the Mar 20 low.
  • Furthermore, the move lower resulted in a break of 1.2867, 50.0% retracement of the Jun 29 - Sep 1 rally.
  • The break lower reinforces current bearish conditions and paves the way for weakness towards 1.2722, the 61.8% level.
  • On the upside, firm short-term resistance is seen at today's 1.3035 high.

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