Bears Need Close Below 55-DMA *RES 4:...>

CABLE TECHS: Bears Need Close Below 55-DMA

*RES 4: $1.3514 High Sept 26 

*RES 3: $1.3470 LT Weekly Bear channel top 

*RES 2: $1.3461 High Sept 27 now support 

*RES 1: $1.3359 High Nov 24

*PRICE: $1.3318 @ 0530GMT

*SUP 1: $1.3277 Hourly support Nov 22a 

*SUP 2: $1.3261 55-DMA 

*SUP 3: $1.3202 21-DMA 

*SUP 4: $1.3170 Low Nov 17

*COMMENTARY: The break of $1.3343 has so far lacked follow through courtesy of

the Bollinger band top ($1.3359), but consolidation above $1.3277 sees bulls

focused on $1.3461 for now. The 55-DMA is key support today with bears needing a

close below to ease bullish pressure. Below the 21-DMA in needed to hint at a

move back to $1.2995-1.3037 with below the 100-DMA ($1.3141) confirming.