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

CABLE TECHS
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).

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