Bulls Now Need Close Above $1.3462......>

CABLE TECHS: Bulls Now Need Close Above $1.3462

*RES 4: $1.3549 High Nov 30 

*RES 3: $1.3519 High Dec 8 

*RES 2: $1.3506 Bollinger band top 

*RES 1: $1.3462 High Dec 14

*PRICE: $1.3419 @ 0530GMT

*SUP 1: $1.3388 Hourly support Dec 27 

*SUP 2: $1.3368 Low Dec 27 

*SUP 3: $1.3329 Low Dec 21 

*SUP 4: $1.3300 Low Dec 15

*COMMENTARY: The recovery from around $1.3300 has received a boost with the pair

gaining traction above the 21-DMA ($1.3402) and looking for a close above to

ease bearish pressure and reconfirm initial focus to $1.3462 and overall focus

on $1.3549. Bears now need a close below $1.3388 to ease immediate bullish

pressure and target a correction back to $1.3283-1.3329 where the 55-DMA

($1.3283) is located.