Bulls Need Close Above $1.2978 *RES.....>

CABLE TECHS: Bulls Need Close Above $1.2978

*RES 4: $1.3031 High Aug 10 

*RES 3: $1.2990 Alternating hourly support/resistance 

*RES 2: $1.2978 High Aug 29 

*RES 1: $1.2938 High Aug 30

*PRICE: $1.2926 @ 0430GMT

*SUP 1: $1.2905 Hourly support Aug 31 

*SUP 2: $1.2868 Hourly support Aug 25 

*SUP 3: $1.2845 Hourly resistance Aug 22 now support 

*SUP 4: $1.2813 Hourly support Aug 25

*COMMENTARY: The pair continues to flirt with the 55-DMA ($1.2938) as bulls look

for a close above $1.2978 to confirm focus on $1.3031 and above this level to

shift focus back to $1.3157-1.3278. Layers of support remain in place with bears

again needing a close below $1.2905 to ease pressure on the 55 & 21-DMAs and

below $1.2845 to return pressure to $1.2770.