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CABLE TECHS: Above $1.2845 To Gain Breathing Room
*RES 4: $1.2922 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: $1.2810 @ 0430GMT
*SUP 1: $1.2770 Low 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 sees bears now focused on $1.2587-1.2703 where the 200-DMA
($1.2652) and 55-WMA are located. O/S daily studies remain the key concern for
bears. In saying that, bulls still need a close above $1.2845 to gain breathing
room and above the 55-DMA to shift focus to $1.2977-1.3031 where the 21-DMA is