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CABLE TECHS: Upside Momentum Continues To Build
Yesterday's close back above the 100/200-dma's & 1.30 level triggered fresh
bullish signals. Upside momentum spilled over into Europe with the uptrend
extending through 1.3070. This brings the 55-dma & 1.31 back into view, a break
opens the 50-dma & 50% retracement level at 1.3106/09. On the downside bears
need to clear the 1.29 level to change the outlook, before returning the focus
to the Apr 26 low at 1.2866.