$1.2915-$1.2939 The Bar To Better.......>

CABLE TECHS: $1.2915-$1.2939 The Bar To Better Recovery Prospects

*RES 4: $1.3032 Aug 11 high

*RES 3: $1.2991 Hourly recovery high Aug 14

*RES 2: $1.2939 Aug 11 low, now resistance

*RES 1: $1.2915/20 Hourly resistance

*PRICE: $1.2908 @0903GMT

*SUP 1: $1.2860 Hourly support

*SUP 2: $1.2842 Aug 16 low

*SUP 3: $1.2812/22 Jul 12 low, 1% volatility band

*SUP 4: $1.2749 76.4% Fibo of $1.2589-$1.3269

*COMMENTARY* The support area between $1.2842-$1.2860 is proving difficult to

leave behind. This survived another test on Thursday and has been followed by a

small bounce. That said, will need to recover $1.2915-$1.2939 before the near

term impetus for a better $1.2991-$1.3032 recovery will appear. Failure to

navigate $1.2939 will eventually see pressure return to the downside, below

$1.2842 and $1.2812-$1.2822 is then the protection to a deeper $1.2749 fall.