Bulls Need Close Above $1.3224 *RES.....>

CABLE TECHS: Bulls Need Close Above $1.3224

*RES 4: $1.3343 Low Sept 28 now resistance 

*RES 3: $1.3297 Hourly resistance Oct 2 

*RES 2: $1.3224 Low Oct 3 now resistance 

*RES 1: $1.3183 High Oct 9

*PRICE: $1.3154 @ 0430GMT

*SUP 1: $1.3124 Hourly resistance Oct 9 now support 

*SUP 2: $1.3074 Hourly support Oct 9 

*SUP 3: $1.3042 Bollinger band base 

*SUP 4: $1.3025 Low Oct 6

*COMMENTARY: The new week sees the 100-DMA supporting and bulls looking for a

close above $1.3224 to distance themselves from the 55-DMA ($1.3133) and shift

focus back to the 21-DMA ($1.3353). Daily studies correcting from O/S add

support to the case for a correction back to $1.3343-53. Initial support is

noted at $1.3124 with bears needing a close below to confirm a break below the

55-DMA, easing bullish pressure and returning focus to $1.2995-1.3018.