$1.3179 Break Needed To Continue The....>

CABLE TECHS: $1.3179 Break Needed To Continue The Recovery

*RES 4: $1.3280 Oct 26 high

*RES 3: $1.3236 Hourly high Oct 26

*RES 2: $1.3200 Hourly recovery high Oct 26

*RES 1: $1.3179 Hourly base Oct 26, now resistance

*PRICE: $1.3163 @0955GMT

*SUP 1: $1.3095/05 Hourly support

*SUP 2: $1.3070 Oct 27 low

*SUP 3: $1.3046 1% volatility band

*SUP 4: $1.3027 Oct 6 low

*COMMENTARY* Found support from $1.3070 on Friday, just above the lower 1%

volatility band, which has moved lower to $1.3046, by time today. Had become

oversold in the near term and now correcting the most recent losses from the Oct

26 high at $1.3280. In this respect, $1.3179 presents the initial barrier to the

recovery, $1.3200-$1.3236 on any break higher. Support also rises,

$1.3105-$1.3095 now the protection against a return lower.