Focus Shifts To 200-DMA *RES 4:.........>

CABLE TECHS: Focus Shifts To 200-DMA

*RES 4: $1.3617 High May 9 

*RES 3: $1.3593 200-DMA 

*RES 2: $1.3528 High May 18 

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

*PRICE: $1.3431 @ 0220GMT

*SUP 1: $1.3379 Hourly support June 5 

*SUP 2: $1.3331 Alternating hourly support/resistance 

*SUP 3: $1.3292 Low June 4 

*SUP 4: $1.3240 Low May 30

*COMMENTARY: The recovery from 2018 lows resulted in a close above the 21-DMA

($1.3406), easing bearish pressure and shifting focus to $1.3593-1.3711 where

the 200-DMA is situated. Support layers building add to bullish confidence.

Bears now look for a close below $1.3379 to gain breathing room and below f

$1.3203 needed to reconfirm the bearish bias and focus on $1.2995-1.3070 where

the 100-WMA is found.