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$1.3617-$1.3619 Becomes Pivotal To......>

CABLE TECHS
CABLE TECHS: $1.3617-$1.3619 Becomes Pivotal To Direction Today
*RES 4: $1.3659 Sep 20 high
*RES 3: $1.3622 4 year falling resistance line
*RES 2: $1.3617/19 Sep 15, Sep 18 highs
*RES 1: $1.3596 Hourly resistance
*PRICE: $1.3566 @0855GMT
*SUP 1: $1.3510/15 Hourly support
*SUP 2: $1.3485 Hourly congestion Sep 20-21
*SUP 3: $1.3452 Sep 20 low
*SUP 4: $1.3406 Sep 14 high, now support
*COMMENTARY*  Break above the 4 year falling resistance line  met selling
pressure on the arrival at the 2% volatility band on Wednesday. The latter has
since risen to $1.3700 by time today. The subsequent pullback broke slightly
below the previous support base around $1.3465, to reach $1.3452 before lifting
again. Now back through $1.3576-$1.3580 but above $1.3617-$1.3619 required to
switch overall bias higher again. Support $1.3515-$1.3485, loss will disappoint.

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