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Bulls Need Close Above 21-DMA *RES 4:...>

CABLE TECHS
CABLE TECHS: Bulls Need Close Above 21-DMA
*RES 4: $1.3031 High Aug 10 
*RES 3: $1.2990 Alternating hourly support/resistance 
*RES 2: $1.2958 21-DMA 
*RES 1: $1.2946 High Aug 28
*PRICE: $1.2937 @ 0430GMT
*SUP 1: $1.2905 Hourly support Aug 28 
*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 as bulls now look for a
close above the 21-DMA to confirm focus on $1.3031 and above this level to shift
focus back to $1.3157-1.3278. Layers of support are accumulating with bears now
needing a close below $1.2905 to ease pressure on the 55 & 21-DMAs and below
$1.2845 to return pressure to $1.2770.

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