Bears Need Close Below $1.3997 *RES.....>

CABLE TECHS: Bears Need Close Below $1.3997

*RES 4: $1.4286 High Jan 26 

*RES 3: $1.4150 Low Feb 1 now resistance 

*RES 2: $1.4087 High Mar 19 

*RES 1: $1.4059 Bollinger band top

*PRICE: $1.4026 @ 0530GMT

*SUP 1: $1.3997 High Feb 27 now support 

*SUP 2: $1.3951 Alternating hourly support/resistance 

*SUP 3: $1.3899 55-DMA 

*SUP 4: $1.3840 Low Mar 12

*COMMENTARY: The 55-DMA supported last week and has provided the base for a

break of $1.3997 that sees immediate focus on $1.4150 and overall focus on

$1.4286-1.4349 where 2018 highs are located. The Bollinger top is the key

concern for bulls and limits follow through. Bears now need a close below

$1.3997 to ease bullish pressure and below $1.3840 to confirm a break of the

55-DMA and return focus to $1.3710.