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$1.2918-$1.2939 Still The Bar To........>

CABLE TECHS
CABLE TECHS: $1.2918-$1.2939 Still The Bar To Better Recovery Prospects
*RES 4: $1.2991 Hourly recovery high Aug 14
*RES 3: $1.2939 Aug 11 low, now resistance
*RES 2: $1.2918 Aug 18 high
*RES 1: $1.2885/95 Hourly resistance
*PRICE: $1.2870 @0909GMT
*SUP 1: $1.2831/40 Aug 18 low, hourly support
*SUP 2: $1.2802/12 1% volatility band, Jul 12 low
*SUP 3: $1.2764 38.2% Fibo of $1.1947-$1.3269
*SUP 4: $1.2749 76.4% Fibo of $1.2589-$1.3269
*COMMENTARY* The support area between $1.2831-$1.2840 is still proving difficult
to leave behind. This survived another test on Friday and has been followed by a
small bounce. That said, will need to recover $1.2918-$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
$1.2831 and $1.2802-12 is then the protection to a deeper $1.2764-$1.2749 fall. 

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