$1.3121 Support Remains Key *RES 4:.....>

CABLE TECHS: $1.3121 Support Remains Key

*RES 4: $1.3343 Low Sept 28 now resistance 

*RES 3: $1.3311 High Oct 16 

*RES 2: $1.3291 Hourly resistance Oct 17, 21-DMA 

*RES 1: $1.3228 Hourly resistance Oct 19

*PRICE: $1.3162 @ 0930GMT

*SUP 1: $1.3143 55-DMA 

*SUP 2: $1.3121 Low Oct 12 

*SUP 3: $1.3041 100-DMA 

*SUP 4: $1.3028 Low Oct 6

*COMMENTARY: The sell-off from recent 21-DMA topside failures has found support

on dips below the 55-DMA with bulls now needing a close above $1.3228 to shift

focus back to $1.3291-1.3343 where the 21-DMA is located. Bulls need a close

above $1.3343 to confirm a break of the 21-DMA and initially target $1.3461.

Bears still need a close below $1.3121 to shift focus to $1.2995-1.3041 where

the 100-DMA is located.