$1.3383-$1.3374 To Provide Next Clues...>

CABLE TECHS: $1.3383-$1.3374 To Provide Next Clues To Intraday Direction

*RES 4: $1.3565 1.618x 1.3027-$1.3338 from $1.3062

*RES 3: $1.3550 Dec 1 high

*RES 2: $1.3514/23 Hourly recovery highs Dec 1 

*RES 1: $1.3480/90 Hourly resistance

*PRICE: $1.3425 @1020GMT

*SUP 1: $1.3405/15 Hourly support

*SUP 2: $1.3374/83 Hourly base Nov 29, Nov 27 high

*SUP 3: $1.3336/38 Nov 29 low, Oct 13 high

*SUP 4: $1.3299 76.4% Fibo of $1.3221-$1.3550

*COMMENTARY* Friday's rise, saw a $1.3550 high, just shy of the 1.618 projection

target at $1.3565, before capitulating to some overbought hourly conditions. The

subsequent loss of $1.3460 was the initial warning of a deeper correction to

follow. In this respect, $1.3383-$1.3374 should provide next clues. A loss here

and a further $1.3338-$1.3299 fall is the risk. Resistance from $1.3480-90 and

then $1.3514-23 needs to be reclaimed, to renew upside potential.