Focus Back On $1.2995-1.3061 *RES 4:....>

CABLE TECHS: Focus Back On $1.2995-1.3061

*RES 4: $1.3320 High Nov 1 

*RES 3: $1.3190 55-DMA 

*RES 2: $1.3134 Hourly resistance Nov 2 

*RES 1: $1.3085 Hourly support Nov 2 now resistance

*PRICE: $1.3072 @ 0530GMT

*SUP 1: $1.3061 Weekly Bull Channel Base 

*SUP 2: $1.3024 Monthly Low Oct 6 

*SUP 3: $1.2995 High Sept 1 now support 

*SUP 4: $1.2857 200-DMA

*COMMENTARY: Cable remains confined to a broad $1.3024-1.3340 range. Focus has

again returned to the $1.2995-1.3061 support region where the weekly bull

channel base off March lows is noted. Bears continue to look for a close below

the $1.2995 support to confirm a break of key supports, initially targeting the

200-DMA with overall focus shifting to $1.2587 June lows. Above the 55-DMA is

needed to ease bearish pressure.