Trendline resistance contains: *RES.....>

CABLE TECHS: Trendline resistance contains:

*RES 4: 1.2689 76.4% retracement of the decline between Jun 25-Jul 17

*RES 3: 1.2630 61.8% retracement of the decline between Jun 25-Jul 17

*RES 2: 1.2600 High Jul 3

*RES 1: 1.2558/72 High Jul 18 / Trendline drawn off the May 6 high

*PRICE: 1.2480 @ 08:33 GMT July 22

*SUP 1: 1.2469/57 100-hma / High Jul 17

*SUP 2: 1.2427 Low Jul 18

*SUP 3: 1.2382 Low Jul 17 / Multi-year low

*SUP 4: 1.2352/51 1.618% swing of 1.2440-1.2582 / April 2017 low

Cable remains in a downtrend following the fresh ytd lows printed last week at

1.2382. Key resistance is located at 1.2582, the high of Jul 15. A break above

this level is required to relieve some bearish pressure that would allow for a

short-term corrective bounce. Note this would also result in a break of a

trendline drawn off the May 6 high. Until then however, the underlying trend

remains down with the bear trigger now at 1.2382. A break opens 1.2351.