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Lacking Follow Through Above 55-DMA.....>

CABLE TECHS
CABLE TECHS: Lacking Follow Through Above 55-DMA
*RES 4: $1.2990 Alternating hourly support/resistance 
*RES 3: $1.2969 21-DMA 
*RES 2: $1.2925 Hourly resistance Aug 28a 
*RES 1: $1.2902 Hourly resistance Aug 28
*PRICE: $1.2880 @ 0430GMT
*SUP 1: $1.2868 Hourly support Aug 25 
*SUP 2: $1.2845 Hourly resistance Aug 22 now support 
*SUP 3: $1.2813 Hourly support Aug 25 
*SUP 4: $1.2791 Hourly support Aug 24
*COMMENTARY: Bears failed to capitalise further on last week's sell-off to
$1.2770 with the recovery Friday seeing the pair pop above the 55-DMA ($1.2927)
in early Asian trading. Bulls now look for a close above $1.3031 to end bearish
hopes and shift focus back to $1.3157-1.3278 where 2017 highs are located. Daily
studies are well placed for a fresh leg higher. Bears need a close below $1.2845
to return pressure to $1.2770.

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