Bears Need Close Below $1.2995 *RES.....>

CABLE TECHS: Bears Need Close Below $1.2995

*RES 4: $1.3279 High Oct 26 

*RES 3: $1.3240 Hourly resistance Oct 26b 

*RES 2: $1.3183 Hourly resistance Oct 26a 

*RES 1: $1.3164 55-DMA

*PRICE: $1.3146 @ 0430GMT

*SUP 1: $1.3120 Hourly support Oct 30 

*SUP 2: $1.3100 Hourly support Oct 27 

*SUP 3: $1.3065 100-DMA 

*SUP 4: $1.2995 High Sept 1 now support

*COMMENTARY: Time spent above the 21-DMA ($1.3193) was short with the break of

the 21-DMA leaving the pair looking heavy and focus back to layers of support

$1.2995-1.3065 where the 100-DMA is located. Bulls still need a close above

$1.3183 to ease bearish pressure and above $1.3240 to shift focus back to

$1.3279-1.3343. Bears look for a close below $1.2995 to shift overall focus to

the 200-DMA ($1.2842).