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

CABLE TECHS: Above $1.2845 To Gain Breathing Room

*RES 4: $1.2916 High Aug 21 

*RES 3: $1.2894 Hourly support Aug 22 now resistance 

*RES 2: $1.2845 Hourly resistance Aug 22 

*RES 1: $1.2807 Hourly resistance Aug 23

*PRICE: $1.2785 @ 0430GMT

*SUP 1: $1.2778 Hourly support Aug 24 

*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 bears now focused on $1.2587-1.2703 where the 200-DMA

($1.2649) and 55-WMA are located. O/S daily studies remain the key concern for

bears. In saying that, bulls need a close above $1.2845 to gain breathing room

and above the 55-DMA ($1.2920) to shift focus to $1.2990-1.3006 where the 21-DMA

is located.