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$1.3425-$1.3443 The Bar To Further......>

CABLE TECHS: $1.3425-$1.3443 The Bar To Further Near Term Recovery 
*RES 4: $1.3502/20 1% vol band, 76.4% Fibo of $1.3618-$1.3204
*RES 3: $1.3481/87 23.6% $1.4377-$1.3204, May 4 low
*RES 2: $1.3442/43 Jun 11, Jun 6 highs
*RES 1: $1.3415/25 Hourly resistance
*PRICE: $1.3412 @0825GMT
*SUP 1: $1.3342/48 Intraday low, May 31 high
*SUP 2: $1.3333 Initial rally high Jun 5, now support
*SUP 3: $1.3295 Jun 1 high, now support
*SUP 4: $1.3254 Jun 1 low
*COMMENTARY* Rally was capped by the upper 1% volatility band last Thursday.
Some near term overbought conditions then in need of some correction and the
subsequent move back below $1.3390 raised concerns, as did the appearance of a
'Doji' candle at Thursday's close. Has found some support from between
$1.3348-$1.3333 but will need to move back through $1.3425-$1.3443 before the
belief in any recovery will become stronger. 

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