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Hesitating Ahead of 200-DMA *RES 4:.....>

CABLE TECHS: Hesitating Ahead of 200-DMA
*RES 4: $1.3877 100-DMA 
*RES 3: $1.3792 High Apr 30 
*RES 2: $1.3711 Low Apr 30 now resistance 
*RES 1: $1.3666 High May 2
*PRICE: $1.3594 @ 0430GMT
*SUP 1: $1.3537 200-DMA 
*SUP 2: $1.3456 2018 Low Jan 11 
*SUP 3: $1.3370 55-WMA 
*SUP 4: $1.3300 Low Dec 15
*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 $1.3878-1.4026.

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