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Trapped Between 1.3013 and 1.2769.......>

CABLE TECHS
CABLE TECHS: Trapped Between 1.3013 and 1.2769
*RES 4: 1.3130 1.50 projection of Sep 3 - Sep 20 rally from Oct 8 low
*RES 3: 1.3048 High May 10
*RES 2: 1.3013 High Oct 21 and bull trigger
*RES 1: 1.2985 High Nov 18
*PRICE: 1.2881 @ 16:41 GMT Nov 25
*SUP 1: 1.2824 Low Nov 22
*SUP 2: 1.2769 Low Nov 8 and bear trigger
*SUP 3: 1.2704 200-day MA
*SUP 4: 1.2658 Low Oct 16
After failing last week to tackle key resistance at 1.3013, the Oct 21 high, the
recent focus remains on the bullish implications of last Monday's breach of
resistance at 1.2921, a trendline drawn off the Oct 21 high. Price action since
the break though has not been encouraging for bulls and Friday's sell-off has
exposed key support at 1.2769, Nov 8 low. However, for a clearer directional
signal, we need to see a break of either 1.3013 or 1.2769.

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