Bears Need Close Below $1.3450 *RES.....>

CABLE TECHS: Bears Need Close Below $1.3450

*RES 4: $1.4612 Low June 21 2016 now resistance 

*RES 3: $1.4349 Low June 20 2016 now resistance 

*RES 2: $1.4006 Monthly Low Apr 6 2016 now resistance 

*RES 1: $1.3616 2017 High Sept 15

*PRICE: $1.3593 @ 0430GMT

*SUP 1: $1.3551 Hourly support Sept 18 

*SUP 2: $1.3450 Hourly resistance Sept 15 now support 

*SUP 3: $1.3381 Low Sept 15 

*SUP 4: $1.3344 Hourly support Sept 14

*COMMENTARY: The recovery from Aug lows has now resulted in fresh 2017 and 15mth

highs that see bulls currently focused on $1.4006. Bulls now look for a close

above $1.4006 to add support to the case for a test of $1.5018 2016 highs. Bears

now need a close below $1.3450 to confirm an easing of bullish pressure and

below $1.3306 to shift focus back to $1.3148 lows from last week. O/B studies

and the Bollinger top ($1.3530) are concerns for bulls.