Bears Need Close Below $1.3858 *RES.....>

CABLE TECHS: Bears Need Close Below $1.3858

*RES 4: $1.4069 High Feb 26 

*RES 3: $1.4060 Daily Bear channel top off 2018 high 

*RES 2: $1.3997 High Feb 27 

*RES 1: $1.3940 Hourly resistance Feb 27

*PRICE: $1.3899 @ 0530GMT

*SUP 1: $1.3858 Low Feb 22 & 27 

*SUP 2: $1.3794 Low Feb 12 

*SUP 3: $1.3771 55-DMA 

*SUP 4: $1.3731 Low Jan 15

*COMMENTARY: Bears take comfort in the lack of follow through on pops above the

21-DMA ($1.3993) with the pair looking a little heavy as a result. In saying

that, bears continue to look for a close below $1.3858 to reconfirm initial

focus on $1.3720-71 where the 55-DMA is located. Layers of resistance have

accumulated and add to bearish confidence. Bulls continue to look for a close

above $1.4150 to shift focus back to $1.4286-1.4349.