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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: $1.3408 @ 0430GMT
*SUP 1: $1.3394 21-DMA
*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 below $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 $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.