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

CABLE TECHS: Bulls Need Close Above 21-DMA

*RES 4: $1.3343 Low Sept 28 now resistance 

*RES 3: $1.3255 21-DMA 

*RES 2: $1.3228 High Oct 19 

*RES 1: $1.3209 Hourly resistance Oct 19

*PRICE: $1.3199 @ 0430GMT

*SUP 1: $1.3161 Hourly support Oct 20 

*SUP 2: $1.3088 Low Oct 20 

*SUP 3: $1.3048 100-DMA 

*SUP 4: $1.2995 High Sept 1 now support

*COMMENTARY: Bears failed to capitalise on dips below the 55-DMA ($1.3148) last

week with the pair bouncing back towards layers of resistance. Bulls now need a

close above the 21-DMA to ease bearish pressure and above $1.3343 to end bearish

hopes and shift focus to $1.3461-1.3595. Bears now look for a close below

$1.3161 to gain breathing room and below $1.2995 to shift focus to the 200-DMA

($1.2822).