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CABLE TECHS: $1.3225-$1.3215 Becomes Support As Rally Continues
*RES 4: $1.3381 Equality rise from $1.3070 to $1.3027-$1.3338
*RES 3: $1.3338/43 Oct 13 high, 50% Fibo of $1.3659-$1.3027
*RES 2: $1.3323 1% volatility band
*RES 1: $1.3280/89 Oct 26, intraday highs
*PRICE: $1.3270 @1612GMT
*SUP 1: $1.3215/25 Oct 30 high, hourly support
*SUP 2: $1.3192 Intraday low
*SUP 3: $1.3150 Initial high Oct 30, now support
*SUP 4: $1.3127 Oct 30 low
*COMMENTARY* The rally has continued again today, moving through $1.3230-36
resistance and currently trying to break free of the previous $1.3280 high, from
Oct 26. As a result, support also on the rise, $1.3225-$1.3215 initially and the
latter should now hold, if we are to avoid any near term corrective consequences
and pressure then back on the day's $1.3192 low. A sustained move above $1.3280
will see the upper 1% volatility band as the bar to a $1.3338-$1.3381 rise.