Topside Hesitation Takes Its Toll.......>

CABLE TECHS: Topside Hesitation Takes Its Toll

*RES 4: $1.4069 High Feb 26 

*RES 3: $1.3997 High Feb 27 

*RES 2: $1.3940 Hourly resistance Feb 27 

*RES 1: $1.3836 Hourly resistance Mar 8

*PRICE: $1.3802 @ 0530GMT

*SUP 1: $1.3754 Hourly support Mar 1 

*SUP 2: $1.3710 Low Mar 1 

*SUP 3: $1.3657 Monthly High Sept 20 now support 

*SUP 4: $1.3613 High Jan 3 now support

*COMMENTARY: Hesitation around the 21-DMA ($1.3904) and the $1.3940 resistance

has taken its toll with a close below the 55-DMA ($1.3833) leaving the pair

looking a little heavy. Bears now look for a close below $1.3710 to shift

initial focus to $1.3612-56. Layers of resistance remain but $1.3940 is key.

Bulls continue to look for a close above $1.3940 to confirm a break of the

21-DMA and shift focus back to $1.4150.