Above $1.3940 To Target $1.4150 *RES....>

CABLE TECHS: Above $1.3940 To Target $1.4150

*RES 4: $1.4150 Low Feb 1 now resistance 

*RES 3: $1.4069 High Feb 26 

*RES 2: $1.3997 High Feb 27 

*RES 1: $1.3940 Hourly resistance Feb 27

*PRICE: $1.3903 @ 0530GMT

*SUP 1: $1.3827 55-DMA 

*SUP 2: $1.3754 Hourly support Mar 1 

*SUP 3: $1.3710 Low Mar 1 

*SUP 4: $1.3657 Monthly High Sept 20 now support

*COMMENTARY: The recovery from $1.3710 Mar lows so far sees cable flirting with

the 21-DMA ($1.3913) as bulls continue to look for a close above $1.3940 to

confirm a break and shift focus back to $1.4150. Daily studies correcting from

modestly O/S levels are perfectly placed for a fresh leg higher. Bears now need

a close below the 55-DMA to ease bullish pressure and below $1.3710 to shift

initial focus to $1.3612-56.