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

CABLE TECHS
CABLE TECHS: Bulls Need Close Above 21-DMA
*RES 4: $1.3343 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).
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