Bearish Focus Back On $1.3129-59 *RES...>

CABLE TECHS: Bearish Focus Back On $1.3129-59

*RES 4: $1.3430 Hourly resistance Sept 29 

*RES 3: $1.3363 21-DMA 

*RES 2: $1.3343 Low Sept 28 now resistance 

*RES 1: $1.3297 Hourly resistance Oct 2

*PRICE: $1.3241 @ 0430GMT

*SUP 1: $1.3222 Low Oct 3 

*SUP 2: $1.3159 Hourly resistance Sept 8 now support 

*SUP 3: $1.3129 55-DMA 

*SUP 4: $1.3082 High Sept 6 now support

*COMMENTARY: The close below the 21-DMA Monday adds weight to the bearish case

with focus having returned to the $1.3129-59 support region. Bears look for a

close the 55-DMA to confirm a break and below $1.2993 to shift focus back to the

200-DMA ($1.2765). The 21-DMA is now key resistance with bulls needing a close

above to ease renewed bearish pressure and shift initial focus back to

$1.3463-1.3514.