Bears Need Close Below $1.3914 *RES.....>

CABLE TECHS: Bears Need Close Below $1.3914

*RES 4: $1.4344 2018 High Jan 25 

*RES 3: $1.4337 Bollinger band top 

*RES 2: $1.4286 High Jan 26 

*RES 1: $1.4208 Hourly resistance Jan 26

*PRICE: $1.4165 @ 0530GMT

*SUP 1: $1.4096 Hourly resistance Jan 29 now support 

*SUP 2: $1.3977 Low Jan 30 

*SUP 3: $1.3914 Low Jan 23 

*SUP 4: $1.3837 21-DMA

*COMMENTARY: Bears failed to challenge the key $1.3914 support with a close

below $1.3914 needed to shift initial focus back to $1.3720-1.3837 where the

21-DMA is noted. The recovery from $1.3977 sees initial pressure back on the

$1.4208 resistance. Bulls now need a close above $1.4208 to gain breathing room

and initially target 2018 high retests. O/B studies correcting remain a concern

for bulls.