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Gaining Traction Above 21-DMA *RES 4:...>

CABLE TECHS
CABLE TECHS: Gaining Traction Above 21-DMA
*RES 4: $1.3549 High Nov 30 
*RES 3: $1.3519 High Dec 8 
*RES 2: $1.3493 Bollinger band top 
*RES 1: $1.3462 High Dec 14
*PRICE: $1.3454 @ 0530GMT
*SUP 1: $1.3429 High Dec 27 now support 
*SUP 2: $1.3388 Hourly support Dec 27 
*SUP 3: $1.3368 Low Dec 27 
*SUP 4: $1.3329 Low Dec 21
*COMMENTARY: The recovery from around $1.3300 has received a boost with the pair
gaining traction above the 21-DMA ($1.3399) and the close above easing bearish
pressure and reconfirm overall focus on $1.3549 Nov highs. Bears now need a
close below $1.3388 to ease immediate bullish pressure and target a correction
back to $1.3286-1.3329 where the 55-DMA ($1.3286) is located.

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