Bulls Need Close Above 55-DMA *RES 4:...>

CABLE TECHS: Bulls Need Close Above 55-DMA

*RES 4: $1.3343 Low Sept 28 now resistance 

*RES 3: $1.3320 High Nov 1 

*RES 2: $1.3215 55-DMA 

*RES 1: $1.3179 21-DMA

*PRICE: $1.3145 @ 0530GMT

*SUP 1: $1.3127 Hourly support Nov 9 

*SUP 2: $1.3085 Low Nov 8 

*SUP 3: $1.3061 Weekly Bull Channel Base 

*SUP 4: $1.3024 Monthly Low Oct 6

*COMMENTARY: Cable remains confined to a broad $1.3024-1.3343 range. Despite

focus shifting lower bears have failed to trouble the key $1.2995 support. Bears

continue to look for a close below the $1.2995 support to confirm a break lower,

initially targeting the 200-DMA ($1.2869) with overall focus shifting to $1.2587

June lows. Above the 55-DMA remains needed to ease bearish pressure and return

focus to $1.3320-43.