Focus On $1.3598-1.3727 While $1.3352...>

CABLE TECHS: Focus On $1.3598-1.3727 While $1.3352 Supports

*RES 4: $1.3617 High May 9 

*RES 3: $1.3598 200-DMA 

*RES 2: $1.3528 High May 18 

*RES 1: $1.3491 Hourly resistance May 18, High May 22

*PRICE: $1.3418 @ 0220GMT

*SUP 1: $1.3403 Hourly support June 8

*SUP 2: $1.3352 Low June 8 

*SUP 3: $1.3331 Alternating hourly support/resistance 

*SUP 4: $1.3292 Low June 4

*COMMENTARY: The break of $1.3379 lacked follow through Friday with the pair

recovering to close above the 21-DMA ($1.3394). Bears now look for a close below

$1.3352 to gain breathing room and below f $1.3203 needed to reconfirm the

bearish bias and focus on $1.2995-1.3072 where the 100-WMA is found. While

$1.3352 supports bulls focus on $1.3598-1.3727 where the 200-DMA is situated and

now need a close above $1.3491 to increase bullish confidence.