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Testing 50-DMA Support Bears are........>

CABLE TECHS
CABLE TECHS: Testing 50-DMA Support
Bears are firmly in control as the 1.30 level gives way with ease allowing the
pair to slip below the 50-dma. The next downside target comes in at the Sep 5
low at 1.2786, ahead of the ytd low at 1.2662. Bulls need to reclaim the 100-dma
at 1.3120 to change the short-term outlook, before targeting the 1.3200 level
ahead of 1.3317 which represents the 38.2% retracement of the 2018 range.

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