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

CABLE TECHS: Bulls Need Close Above 21-DMA

*RES 4: $1.3519 High Dec 8 

*RES 3: $1.3462 High Dec 14 

*RES 2: $1.3418 High Dec 18 

*RES 1: $1.3398 21-DMA

*PRICE: $1.3378 @ 0530GMT

*SUP 1: $1.3329 Low Dec 21 

*SUP 2: $1.3300 Low Dec 15 

*SUP 3: $1.3280 55-DMA 

*SUP 4: $1.3218 100-DMA

*COMMENTARY: The recovery from around $1.3300 is struggling with the pair capped

by the 21-DMA. Bulls need a close above the 21-DMA to ease pressure on support

layers and return initial focus to $1.3462 with a close above this level to

reconfirm focus on $1.3549. Bears need a close below $1.3300 to pressure

$1.3207-80 where 55 & 100-DMAs and the bull channel base are noted. Below the

100-DMA is needed to shift focus to $1.2992-1.3037.