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(M2) Correction Extends


Late Session Rebound


(M2) Corrective Cycle Remains In Play


(M2) Gains Still Considered Corrective

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CABLE TECHS: $1.3025-67 Resistance Region Key
*RES 4: $1.3079 Hourly support Aug 4 
*RES 3: $1.3067 21-DMA 
*RES 2: $1.3059 High Aug 7 
*RES 1: $1.3025 High Aug 9
*PRICE: $1.2997 @ 0430GMT
*SUP 1: $1.2955 Low Aug 8 
*SUP 2: $1.2924 55-DMA 
*SUP 3: $1.2847 100-DMA 
*SUP 4: $1.2841 Daily bull channel base
*COMMENTARY: Cable remains heavy as it gains traction below the 21-DMA with
immediate bearish focus on the 55-DMA. Bears look for a close below the 55-DMA
to shift initial focus to $1.2797-1.2841 where the 100-DMA and bull channel base
are situated. Bulls still need a close above $1.3025 to gain breathing room and
above the 21-DMA to shift initial focus back to $1.3113.

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