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$1.3460 Support A Gauge To Near Term....>

CABLE TECHS
CABLE TECHS: $1.3460 Support A Gauge To Near Term Direction
*RES 4: $1.3596 Sep 22 high
*RES 3: $1.3565 1.618x 1.3027-$1.3338 from $1.3062
*RES 2: $1.3550 Intraday high
*RES 1: $1.3525/35 Hourly resistance
*PRICE: $1.3485 @1020GMT
*SUP 1: $1.3460 Hourly support
*SUP 2: $1.3425/30 Hourly congestion area Nov 29-30
*SUP 3: $1.3374/83 Hourly base Nov 29, Nov 27 high
*SUP 4: $1.3336 Nov 29 low
*COMMENTARY* The rally continued through $1.3483-$1.3510 resistance on Thursday,
culminating in a high earlier today at $1.3550. This leaves us just shy of a
look at next resistance from the 1.618 projection target at $1.3565. Heavily
overbought on a near term basis, $1.3460 represents initial support and a gauge
as to whether a deeper correction is required. Loss will have the potential for
a $1.3430-$1.3374 fall next. Above $1.3565 and $1.3596-$1.3622.

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