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Trading Either Side of 1.30 Despite.....>

CABLE TECHS
CABLE TECHS: Trading Either Side of 1.30
Despite closing below both the 1.30 level and the 100-dma on Friday, bears have
failed to take advantage and keeps the short-term outlook neutral. These levels
remain key again today with further support located from the 200-dma at 1.2958.
Below here would cement the downtrend toward the Apr 29 low & 1.29 level. Bulls
look to clear 1.31 to improve the outlook and return the focus to the 55-dma &
May 7 high at 1.3101/31.

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