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Below $1.3019 To Ease Bullish...........>

CABLE TECHS
CABLE TECHS: Below $1.3019 To Ease Bullish Pressure
*RES 4: $1.3187 Low Aug 2 now resistance 
*RES 3: $1.3164 High Aug 4 
*RES 2: $1.3082 High Sept 6 
*RES 1: $1.3064 Bollinger band top
*PRICE: $1.3030 @ 0430GMT
*SUP 1: $1.3019 Low Sept 6 
*SUP 2: $1.3000 Hourly support Sept 5 
*SUP 3: $1.2979 Hourly support Sept 5a 
*SUP 4: $1.2965 55-DMA
*COMMENTARY: Cable managed a dip below the 21 ($1.2921) & 100 ($1.2920) DMAs
Tuesday before rallying sharply for a bullish close that shifted bullish focus
to the $1.3164 Aug 4 high. Daily studies approaching O/B and the Bollinger top
are key concerns for bulls. Layers of support are building with bears now
needing a close below $1.3019 to ease bullish pressure and below the 100-DMA to
shift focus back to $1.2757-70.

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