$1.3495 Becomes Pivotal To Near Term....>

CABLE TECHS: $1.3495 Becomes Pivotal To Near Term Direction

*RES 4: $1.3698 3 month bull channel top projection

*RES 3: $1.3659 Sep 20 high

*RES 2: $1.3613 Intraday high

*RES 1: $1.3570/85 Hourly resistance

*PRICE: $1.3513 @1625GMT

*SUP 1: $1.3495 Hourly base Dec 29

*SUP 2: $1.3457/67 Dec 28, Dec 14 highs, now support

*SUP 3: $1.3419/21 Dec 18, Dec 20 highs, now support

*SUP 4: $1.3375 Congestion area Dec 19-Dec 27

*COMMENTARY* The rally surpassed the upper 1% volatility band on Tuesday, at

$1.3589 by time today, a high of $1.3613 so far, as we line up a potential

challenge to last year's $1.3659 peak. In the interim, support from

$1.3544-$1.3522 has been lost but still requiring a loss of the lower $1.3495

level, before belief in any deeper correction will surface. Meanwhile,

$1.3570-$1.3585 now stands in the way of a recovery.