Bullish Confidence Growing *RES 4:......>

CABLE TECHS: Bullish Confidence Growing

*RES 4: $1.3549 High Nov 30 

*RES 3: $1.3519 High Dec 8 

*RES 2: $1.3462 High Dec 14 

*RES 1: $1.3418 High Dec 18

*PRICE: $1.3407 @ 1030GMT

*SUP 1: $1.3368 Hourly support Dec 27 

*SUP 2: $1.3329 Low Dec 21 

*SUP 3: $1.3300 Low Dec 15 

*SUP 4: $1.3280 55-DMA

*COMMENTARY: The recovery from around $1.3300 has received a boost with the pair

flirting with the 21-DMA ($1.3402) and looking for a close above to ease bearish

pressure and shift initial focus to $1.3462 and overall focus back to $1.3549.

Bears need a close below $1.3300 to pressure $1.3207-80 where 55 & 100-DMAs and

the bull channel base are noted. Below the 100-DMA is needed to shift focus to

$1.2992-1.3037.