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$1.3031-59 Resistance Region Key *RES...>

CABLE TECHS
CABLE TECHS: $1.3031-59 Resistance Region Key
*RES 4: $1.3059 High Aug 7 
*RES 3: $1.3057 21-DMA 
*RES 2: $1.3031 High Aug 10 
*RES 1: $1.2990 Alternating hourly support/resistance
*PRICE: $1.3014 @ 0430GMT
*SUP 2: $1.2940 Low Aug 11 
*SUP 3: $1.2930 55-DMA 
*SUP 4: $1.2854 Daily Bull channel base 
*SUP 4: $1.2852 100-DMA
*COMMENTARY: The $1.3031-59 resistance where the 21-DMA is located remains key.
Bulls continue to look for a close above the 21-DMA to confirm an easing of
bearish pressure and to shift focus back to $1.3113, The 55-DMA remains the key
support with bears needing a close below to confirm initial focus on $1.2852-54
where the 100-DMA and bull channel base are situated. Daily studies approaching
O/S are the key concern for bears.

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