Pressuring 100-DMA & Channel Base.......>

CABLE TECHS: Pressuring 100-DMA & Channel Base

*RES 4: $1.2990 Alternating hourly support/resistance 

*RES 3: $1.2970 High Aug 15 

*RES 2: $1.2928 55-DMA 

*RES 1: $1.2889 Hourly resistance Aug 15

*PRICE: $1.2871 @ 0430GMT

*SUP 1: $1.2860 Daily Bull channel base, 100-DMA 

*SUP 2: $1.2813 Monthly Low July 7 

*SUP 3: $1.2797 Low June 28 

*SUP 4: $1.2759 High June 26 now support

*COMMENTARY: Consolidation below the 21-DMA ($1.3044) took its toll with a

sell-off and close below the 55-DMA that sees immediate pressure on the 100-DMA

and daily bull channel base. Bears now look for a close below $1.2797 to hint at

a move back to $1.2591-1.2655 where the 200-DMA is situated. Layers of

resistance are following cable lower with bulls needing a close above $1.2990 to

shift focus back to the 21-DMA.