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

CABLE TECHS: $1.3495 Remains Pivotal To Near Term Direction

*RES 4: $1.3704 3 month bull channel top projection

*RES 3: $1.3659 Sep 20 high

*RES 2: $1.3613 Jan 3 high

*RES 1: $1.3570/85 Hourly resistance

*PRICE: $1.3543 @1022GMT

*SUP 1: $1.3494/95 Jan 3 low, 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* Support has been found around $1.3495, so far keeping the focus

away from the Dec 14 high at $1.3467, above which any setback should really hold

now, if near term upside momentum is to be retained. In this respect, attention

now switches back to $1.3570-$1.3585 initially, the upper 1% volatility band, at

$1.3598 by time today, could well feature higher, ahead of Wednesday's $1.3613

high. This then the bar to a return to last year's $1.3659 peak.