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Focus Now On 2018 Low *RES 4: $1.3893...>

CABLE TECHS
CABLE TECHS: Focus Now On 2018 Low
*RES 4: $1.3893 Low Apr 26 now resistance 
*RES 3: $1.3877 100-DMA 
*RES 2: $1.3792 High Apr 30
*RES 1: $1.3711 Low Apr 30 now resistance
*PRICE: $1.3612 @ 0220GMT
*SUP 1: $1.3586 Low May 1 
*SUP 2: $1.3534 200-DMA 
*SUP 3: $1.3456 2018 Low Jan 11 
*SUP 4: $1.3371 55-WMA
*COMMENTARY: The correction lower from 2018 highs has resulted in traction below
the weekly bull channel base ($1.3686) off Mar lows with immediate focus now on
the 200-DMA and 2018 lows. Bears now look for a close below $1.3456 to target
$1.2995-1.3032. O/S studies remain the key concern for bears. Bulls now need a
close above $1.3711 to gain breathing room and above $1.3792 to shift initial
focus to $1.3877-1.4026.

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