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Targeting 1.3000 Cable has so far.......>

CABLE TECHS
CABLE TECHS: Targeting 1.3000
Cable has so far been been unable to recover Wednesday's spike high of 1.2983,
keeping the short-term outlook neutral. Bulls need to close above here to target
downtrend resistance at 1.3000 and the 50-dma at 1.3008. A break above here
would shift the outlook firmly bullish and suggest a basing pattern has formed.
Bears continue to focus on the 1.2800 level, a close below here would trigger
renewed selling pressure, bringing the ytd low at 1.2662 back into view.

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