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Tuesday's Bullish Close Bodes Well......>

CABLE TECHS: Tuesday's Bullish Close Bodes Well
Cable has its strongest close of the month Tuesday managing to overcome both its
100-dma and close above Monday's high. This shifts the focus to the upside. The
Sep 20 high at 1.3298 now comes into play and a break above here would further
improve the medium-term outlook. Bears need a break of cloud base support at
1.2910 to change the short-term outlook, turning focus toward the Sep 5 low at
1.2786 and ytd low at 1.2662.

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