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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.