$1.3420-$1.3430 Break Would Assist......>

CABLE TECHS: $1.3420-$1.3430 Break Would Assist Upside Hopes

*RES 4: $1.3520 1% volatility band

*RES 3: $1.3492 76.4% Fibo of $1.3550-$1.3303

*RES 2: $1.3460/70 Pivotal highs/lows early December

*RES 1: $1.3420/30 Hourly congestion Dec 14-15

*PRICE: $1.3400 @0943GMT

*SUP 1: $1.3331/45 Dec 19 low, hourly support

*SUP 2: $1.3298/03 76.4% of $1.3221-$1.3549, Dec 15 low

*SUP 3: $1.3253 1% volatility band

*SUP 4: $1.3221/27 Nov 28 low, 61.8% of $1.3027-$1.3550, 

*COMMENTARY* The $1.3303-$1.3298 area once again came to the rescue on Friday.

The sharp decline from last week's $1.3467 high was arrested at $1.3302, before

finding some respite on the back of some near term oversold conditions. The

subsequent rally through $1.3380-90, now faces resistance from $1.3420-30. Will

ultimately need back through here to renew upside potential and stave off

further downside probing. In the interim, support moves to $1.3345-$1.3330.