$1.3211-$1.3226 The Immediate...........>

CABLE TECHS: $1.3211-$1.3226 The Immediate Resistance To This Rise

*RES 4: $1.3299/07 Jun 13 low, Jun 15 high

*RES 3: $1.3273 Jun 19 high

*RES 2: $1.3245 Hourly congestion Jun 18

*RES 1: $1.3211/26 Jun 15, Jun 18 lows, now resistance

*PRICE: $1.3198 @1525GMT

*SUP 1: $1.3145/60 Intraday low, hourly support

*SUP 2: $1.3107 50% Fibo of $1.1838-$1.4377

*SUP 3: $1.3091 6 week bear channel base projection

*SUP 4: $1.3045 2% volatility band

*COMMENTARY* A low of $1.3145 so far, just below the 76.4% Fibo retrace level at

$1.3152. Possible that we can squeeze another $1.3107 fall but beginning to look

like we are close to the base of a 5th wave in the fall from the month's $1.3473

high. That said, a loss of the slightly lower $1.3091 level would have us back

toward the Oct 6 low at $1.3027. Resistance remains from $1.3211-$1.3245,

needing back above $1.3273 to unleash any real upside potential.