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

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: $1.2917/18 Aug 21, Aug 18 highs

*RES 1: $1.2890/00 Hourly resistance

*PRICE: $1.2850 @0815GMT

*SUP 1: $1.2831 Aug 18 low

*SUP 2: $1.2791/12 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 $1.2830-$1.2840 area is still proving difficult to leave

behind. This survived another test last Friday and has been followed by a small

bounce. That said, still 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

$1.2812-$1.2791 is then the protection against a deeper $1.2764-$1.2749 fall.