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Broad Sideways Trading Continues *RES...>

CABLE TECHS
CABLE TECHS: Broad Sideways Trading Continues
*RES 4: $1.3430 Hourly resistance Sept 29 
*RES 3: $1.3343 Low Sept 28 now resistance 
*RES 2: $1.3320 High Nov 1 
*RES 1: $1.3198 55-DMA
*PRICE: $1.3169 @ 0530GMT
*SUP 1: $1.3134 Hourly resistance Nov 2 now support 
*SUP 2: $1.3061 Weekly Bull Channel Base 
*SUP 3: $1.3024 Monthly Low Oct 6 
*SUP 4: $1.2995 High Sept 1 now support
*COMMENTARY: Cable remains confined to a broad $1.3024-1.3340 range. Despite
focus shifting lower bears have failed to trouble the key $1.2995 support. Bears
continue to look for a close below the $1.2995 support to confirm a break of key
supports, initially targeting the 200-DMA with overall focus shifting to $1.2587
June lows. Above the 55-DMA is needed to ease bearish pressure and return focus
to $1.3320-43.

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