Bulls Initially Focused On $1.3461......>

CABLE TECHS: Bulls Initially Focused On $1.3461

*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: $1.3388 High Nov 28

*PRICE: $1.3361 @ 0530GMT

*SUP 1: $1.3333 Hourly resistance Nov 28 now support 

*SUP 2: $1.3264 55-DMA 

*SUP 3: $1.3212 21-DMA 

*SUP 4: $1.3151 100-DMA

*COMMENTARY: The sell-off Tuesday was aggressively reversed from ahead of the

21-DMA resulting in fresh 7 week highs and retaining initial bullish focus on

$1.3461 for now. Layers of support have accumulated with bears now needing a

close below $1.3333 to gain breathing room and below the 21-DMA still needed to

hint at a move back to $1.2995-1.3037 with below the 100-DMA ($1.3151)

confirming.