$1.3321 Break Suggests Scope For A......>

CABLE TECHS: $1.3321 Break Suggests Scope For A $1.3272-$1.3269 Fall

*RES 4: $1.3456 Sep 28 high

*RES 3: $1.3425 Hourly recovery high Sep 29

*RES 2: $1.3405/10 Hourly congestion area Sep 29

*RES 1: $1.3350/60 Hourly resistance

*PRICE: $1.3314 @0905GMT

*SUP 1: $1.3269/72 Aug 3 high, 76.4% of $1.3153-$1.3659

*SUP 2: $1.3216 50% Fibo of $1.2774-$1.3659

*SUP 3: $1.3185 2% volatility band

*SUP 4: $1.3112 61.8% Fibo of $1.2774-$1.3659

*COMMENTARY*  The 38.2% Fibo retrace level at $1.3321 has come under pressure

today, the break below here suggests there may be scope for a fall back towards

$1.3272-$1.3269 next. This a combination of the Aug 3 high, as well as a 76.4%

Fibo level and also the swing target of the recent $1.3343-$1.3456 recovery. In

the meantime, look to $1.3350-60 for initial resistance, the congested

$1.3405-10 area above but $1.3425 currently represents a tougher ask.