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Support Gives Way Cable broke below.....>

CABLE TECHS
CABLE TECHS: Support Gives Way
Cable broke below both its up trendline support from the August lows and its
50-dma yesterday to shift the outlook squarely negative and target the Oct 4
lows at 1.2922. In terms of longer-term support, the 61.8% retracement from 2016
lows to 2018 highs is at 1.2810 with the 2018 lows at 1.2662. Bulls need to
initially break back above the up trendline at 1.3018 and recover the 100-dma at
1.3083 to improve the near-term outlook and close back above 1.32 to regain
momentum, before targeting the Sep 20 high at 1.3298.

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