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$1.3301-$1.3307 Keeps The Focus On......>

CABLE TECHS
CABLE TECHS: $1.3301-$1.3307 Keeps The Focus On Another Push Lower
*RES 4: $1.3392 Hourly high Jun 14, 76.4% $1.3447-$1.3211
*RES 3: $1.3350/57 Hourly high Jun 14, 61.8% $1.3447-$1.3211
*RES 2: $1.3329 50% Fibo of $1.3447-$1.3211
*RES 1: $1.3301/07 38.2% of $1.3447-$1.3211, Jun 13 low
*PRICE: $1.3241 @1520GMT
*SUP 1: $1.3222 1% volatility band
*SUP 2: $1.3204/11 May 29, Jun 15 lows
*SUP 3: $1.3152 76.4% Fibo of $1.2774-$1.4377
*SUP 4: $1.3107 50% Fibo of $1.1838-$1.4377
*COMMENTARY* Last Thursday's early recovery to $1.3447 was unable to remove the
threat of the Jun 7 'Doji' bearish candle close. As a result, we have seen a
sharp fall, back through Wednesday's $1.3307 base and all the way toward the May
29 low at $1.3204. Oversold in the near term but will currently require a move
back above $1.3301-$1.3307 to elicit any better comeback. Otherwise a further
fall towards $1.3152-$1.3107 beckons next.

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