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$1.3004 Support Now Key *RES 4:.........>

CABLE TECHS
CABLE TECHS: $1.3004 Support Now Key
*RES 4: $1.3165 High Aug 4 
*RES 3: $1.3113 Low Aug 3 now resistance 
*RES 2: $1.3094 Low July 31 now resistance 
*RES 1: $1.3079 Hourly support Aug 4
*PRICE: $1.3058 @ 0430GMT
*SUP 1: $1.3041 Hourly support Aug 7 
*SUP 2: $1.3025 Low Aug 4 
*SUP 3: $1.3004 Low July 25 
*SUP 4: $1.2919 55-DMA
*COMMENTARY: The bearish key day reversal Thursday was followed up with further
losses to end the week that leave the pair looking heavy and bears focused on
the 55-DMA. Daily studies correcting from O/B add weight to the bearish case
with bears now looking for a close below $1.3004. Layers of resistance have
accumulated with bulls now needing a close above $1.3113 to ease bearish
pressure and above $1.3191 to shift focus back to $1.3259-78.

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