$1.3491 Support Remains Key *RES 4:.....>

CABLE TECHS: $1.3491 Support Remains Key

*RES 4: $1.3828 Low Feb 29 2016 now resistance 

*RES 3: $1.3656 2017 High Sept 20 

*RES 2: $1.3612 2018 High Jan 3 

*RES 1: $1.3584 Hourly resistance Jan 8

*PRICE: $1.3560 @ 0530GMT

*SUP 1: $1.3521 Low Jan 5 

*SUP 2: $1.3491 Low Jan 1 

*SUP 3: $1.3538 Hourly support Jan 2 

*SUP 4: $1.3456 High Dec 28 now support

*COMMENTARY: The correction lower from fresh 4mth highs was less than ideal for

bulls who are currently focused on 2017 highs. The Bollinger top ($1.3602) and

O.B studies remain concerns for bulls and limit follow through. Bears look for a

close below $1.3491 to ease bullish pressure and shift immediate pressure to the

21-DMA. Layers of resistance are accumulating and weighing with bulls needing a

close above $1.3612 to initially pressure 2017 highs.