Bears Need Close Below $1.3157 *RES.....>

CABLE TECHS: Bears Need Close Below $1.3157

*RES 4: $1.3539 100-WMA 

*RES 3: $1.3445 Monthly High Sept 6 

*RES 2: $1.3278 High Sept 19 

*RES 1: $1.3223 2017 High July 31

*PRICE: $1.3212 @ 0430GMT

*SUP 1: $1.3191 Hourly support Aug 1 

*SUP 2: $1.3157 High July 27 Now support 

*SUP 3: $1.3135 Hourly resistance July 31 now support 

*SUP 4: $1.3094 Low July 31

*COMMENTARY: Pressure on $1.3157 took its toll with a break higher and bullish

close that sees bulls now initially focused on $1.3278 and then $1.3445-1.3539

where monthly highs and the 100-WMA are located. Layers of support are building

with bears now needing a close below $1.3157 to ease bullish pressure and below

$1.3094 to shift focus back to $1.3004-10 where the 21-DMA is located. The

Bollinger top ($1.3215) is the key concern for bulls.