Looking A Little Heavy *RES 4:..........>

CABLE TECHS: Looking A Little Heavy

*RES 4: $1.3519 High Dec 8 

*RES 3: $1.3462 High Dec 14 

*RES 2: $1.3418 High Dec 18 

*RES 1: $1.3378 Hourly resistance Dec 20

*PRICE: $1.3360 @ 0530GMT

*SUP 1: $1.3300 Low Dec 15 

*SUP 2: $1.3264 55-DMA 

*SUP 3: $1.3204 100-DMA 

*SUP 4: $1.3128 Low Nov 15

*COMMENTARY: The recovery from around $1.3300 is struggling with the pair

looking a little offered as resistance layers build. Bears need a close below

$1.3300 to pressure $1.3204-64 where 55 & 100-DMAs and the bull channel base are

noted. Below the 100-DMA is needed to shift focus to $1.2992-1.3037 where the

200-DMA ($1.3009) is located. Bulls need a close above $1.3462 to gain breathing

room and above $1.3549 to confirm focus on tests of 2017 highs ($1.3656).