$1.2900 Area Becomes Pivotal To.........>

CABLE TECHS: $1.2900 Area Becomes Pivotal To Intraday Direction

*RES 4: $1.3022 50% of $1.3269-$1.2774, Aug 14 high

*RES 3: $1.3001 1% volatility band

*RES 2: $1.2979 Aug 29 high

*RES 1: $1.2938 Intraday high

*PRICE: $1.2914 @0858GMT

*SUP 1: $1.2896/00 Intraday low, initial rally high Aug 28

*SUP 2: $1.2874 Aug 28 low

*SUP 3: $1.2852 61.8% Fibo of $1.2774-$1.2979

*SUP 4: $1.2822 76.4% Fibo of $1.2774-$1.2979

*COMMENTARY* The recovery faltered on Tuesday at $1.2979, shy of a test to the

upper 1% volatility band and the next Fibo retrace, the 50% at $1.3022. Downside

now exploring support from around $1.2900, sustained break lower will have the

capacity to reach $1.2874-$1.2822 as we correct the recent gains from the Aug 24

low at $1.2774. Meanwhile, back above the day's $1.2938 high needed to boost

near term hopes.