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$1.3159 Support Remains Key *RES 4:.....>

CABLE TECHS: $1.3159 Support Remains Key
*RES 4: $1.3329 2017 High Sept 13 
*RES 3: $1.3298 Alternating hourly support/resistance 
*RES 2: $1.3253 Hourly support Sept 13 now resistance 
*RES 1: $1.3224 Alternating daily support/resistance
*PRICE: $1.3203 @ 0430GMT
*SUP 1: $1.3298 Hourly resistance Sept 12 now support 
*SUP 2: $1.3262 Hourly support Sept 12 
*SUP 3: $1.3224 High Sept 8 now support 
*SUP 4: $1.3159 Hourly resistance Sept 8 now support
*COMMENTARY: The lack of topside follow through on Wednesday's 2017 and 14mth
highs is a concern for bulls and leaves the pair looking a little heavy. Daily
studies correcting from O/B, daily momentum divergence and the Bollinger top
capping increase the risk of a decent correction. In saying that, the $1.3159
support remains key. Bears need a close below this level to confirm an easing of
bullish pressure and to shift focus to $1.2995-1.3019 where the 55-DMA is noted.

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