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$1.3031-63 Resistance Region Key *RES...>

CABLE TECHS
CABLE TECHS: $1.3031-63 Resistance Region Key
*RES 4: $1.3079 Hourly support Aug 4 
*RES 3: $1.3063 21-DMA 
*RES 2: $1.3059 High Aug 7 
*RES 1: $1.3031 High Aug 10
*PRICE: $1.3014 @ 0430GMT
*SUP 1: $1.2990 Hourly resistance Aug 11 now support 
*SUP 2: $1.2940 Low Aug 11 
*SUP 3: $1.2928 55-DMA 
*SUP 4: $1.2852 100-DMA
*COMMENTARY: Hesitation ahead of the 55-DMA is less than ideal for bears who now
look for a close below the 55-DMA to confirm immediate focus on layers of
support $1.2797-1.2852 where the bull channel base and 100-DMA are located. The
$1.3031-63 resistance is now key with bulls needing a close above the 21-DMA to
shift initial focus back to $1.3113. A close above this level is needed to
target 2017 highs.

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