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

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.