Above $1.2845 To Gain Breathing Room....>

CABLE TECHS: Above $1.2845 To Gain Breathing Room

*RES 4: $1.2924 55-DMA 

*RES 3: $1.2916 High Aug 21 

*RES 2: $1.2894 Hourly support Aug 22 now resistance 

*RES 1: $1.2845 Hourly resistance Aug 22

*PRICE: $1.2822 @ 0430GMT

*SUP 1: $1.2797 Low June 28 

*SUP 2: $1.2759 High June 26 now support 

*SUP 3: $1.2703 Low June 26 

*SUP 4: $1.2680 55-WMA

*COMMENTARY: Hesitation ahead of the 55-DMA took its toll Tuesday with a

sell-off that now sees immediate pressure on $1.2797. Bears now look for a close

below this level to confirm focus on $1.2647-1.2703 where the 55-WMA & 200-DMA

($1.2647) are located. Bulls now need a close above $1.2845 to gain breathing

room and above the 55-DMA to shift focus to $1.2990-1.3006 where the 21-DMA is

located. Daily studies lingering at O/S levels is a concern for bears.