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Rejected Ahead Of 200-WMA *RES 4:.......>

CABLE TECHS
CABLE TECHS: Rejected Ahead Of 200-WMA
*RES 4: $1.4397 200-WMA 
*RES 3: $1.4349 Low June 20 2016 now resistance 
*RES 2: $1.4344 2018 High Jan 25 
*RES 1: $1.4231 Hourly support Jan 25 now resistance
*PRICE: $1.4170 @ 0530GMT
*SUP 1: $1.4073 Hourly support Jan 24 
*SUP 2: $1.3962 Hourly support Jan 23 
*SUP 3: $1.3914 Low Jan 23 
*SUP 4: $1.3837 Low Jan 19
*COMMENTARY: Gains continued Thursday only to be aggressively rejected ahead of
the 200-WMA. Correcting O/B daily studies remain a concern for bulls and
increase correction risk. Bears now need a close below $1.4073 to shift initial
focus back to $1.3914-62. Initial resistance is noted at $1.4231 with bulls
needing a close above to gain breathing room. A close above the 200-WMA then
targets $1.5018 June 2016 monthly highs.

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