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CABLE TECHS: Bears Focused On 55-DMA
*RES 4: $1.3833 Monthly Low Mar 2016 now resistance
*RES 3: $1.3656 2017 High Sept 20
*RES 2: $1.3595 High Sept 22
*RES 1: $1.3549 High Nov 30
*PRICE: $1.3491 @ 0530GMT
*SUP 1: $1.3432 Hourly resistance Dec 7 now support
*SUP 2: $1.3370 Hourly support Dec 7
*SUP 3: $1.3324 21-DMA
*SUP 4: $1.3318 Low Dec 7
*COMMENTARY: The aggressive recovery from the dip back to the 21-DMA Thursday
sees bulls back in control and focus having returned to the $1.3549-1.3656
region where 2017 highs are located. Bulls need a close above $1.3656 to shift
initial focus to $1.3833. Layers of support are building with bears now needing
a close below $1.3432 to ease bullish pressure and hint at a correction back to
$1.3318-24. The Bollinger top ($1.3570) is the key concern for bulls.