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Symmetrical Triangle Cable remains......>

CABLE TECHS
CABLE TECHS: Symmetrical Triangle
Cable remains locked in its symmetrical triangle, searching for direction. The
base comes in today at 1.2991 with a downside break needed to extend the
downtrend toward the 200-dma at 1.2968. Below here opens the 100-dma & Mar 1 low
at 1.2950/49, ahead of cloud base support at 1.2896. A break of triangle top
resistance (1.3098) opens the Apr 12 high at 1.3133. A close above gives control
back to the bulls, targeting the 50% retracement level & Apr 3 high at
1.3180/96.

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