$1.3420-$1.3430 Still Proving A Tough...>

CABLE TECHS: $1.3420-$1.3430 Still Proving A Tough Nut To Crack

*RES 4: $1.3492 76.4% Fibo of $1.3550-$1.3303

*RES 3: $1.3460/70 Pivotal highs/lows early December

*RES 2: $1.3421/30 Dec 20 high, hourly congestion Dec 14-15

*RES 1: $1.3395/05 Hourly resistance

*PRICE: $1.3383 @0955GMT

*SUP 1: $1.3331/51 Dec 19 low, hourly support

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

*SUP 3: $1.3240 1% volatility band

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

*COMMENTARY* The $1.3420-$1.3430 area once again put paid to recovery hopes on

Wednesday and this remains the main near term resistance. That said,

$1.3395-$1.3405 provides an earlier barrier to cross today. Support remains

pretty consistent too, with $1.3351-$1.3331 providing the protection to any

renewed downside activity and in particular on $1.3303-$1.3298 again. Above

$1.3430 and the pivotal $1.3460-70 area rears its head again higher.