Bears Focused On 55-DMA *RES 4:.........>

CABLE TECHS: Bears Focused On 55-DMA

*RES 4: $1.3549 High Nov 30 

*RES 3: $1.3489 Hourly support Dec 4 now resistance 

*RES 2: $1.3460 Hourly support Dec 5 now resistance 

*RES 1: $1.3398 Hourly resistance Dec 7

*PRICE: $1.3380 @ 0530GMT

*SUP 1: $1.3355 Low Dec 6 

*SUP 2: $1.3333 Hourly resistance Nov 28 now support 

*SUP 3: $1.3258 55-DMA 

*SUP 4: $1.3208 Low Nov 21

*COMMENTARY: The pair remains heavy as lower daily highs and lows continue with

bearish focus now on the $1.3258-1.3333 support region where 55 & 21-DMAs are

situated. Correcting O/B studies add weight to the bearish case. Layers of

resistance are accumulating with bulls now needing a weekly close above $1.3489

to confirm a break of the LT bear channel top ($1.34440) and reconfirm focus on

$1.3549-1.3656.