• Cable hits 1.3392 after extending north from 1.3350 (Asian session low)

• Ascent influenced by lower oil prices (UK is a net energy importer)

• 1.3343 was Friday's one-week low, after dollar rose on robust US jobs data

• 1.34 (former support point) is now a resistance level (1.3397 was Nov 3 low)

• There is a large 1.3400 option expiry for the New York cut

• CFTC data: net GBP short shrank 25% to 59,821 contracts in week to Nov 3

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(Robert Howard is a Reuters market analyst. The views expressed are his own)