$1.3630 Resistance Still Keeps The......>

CABLE TECHS: $1.3630 Resistance Still Keeps The Downside Bias Intact

*RES 4: $1.3667 May 2 high

*RES 3: $1.3630 May 3 high

*RES 2: $1.3618 Intraday high

*RES 1: $1.3580/90 Hourly resistance

*PRICE: $1.3529 @1109GMT

*SUP 1: $1.3510/15 Hourly support

*SUP 2: $1.3484/87 May 8, May 4 lows

*SUP 3: $1.3458 Jan 11 low

*SUP 4: $1.3401 1.618 swing of $1.3484-$1.3618

*COMMENTARY* The slowed pace of the decline has allowed a move back within the

lower 2% volatility band and this held the fall on Friday at $1.3487. This level

was challenged again on Tuesday, a slight break lower to $1.3484, before finding

support again. Meanwhile today's rally has reached $1.3618 but as stated before

any recovery will only feel the benefit, if a break of $1.3630 can be staged.

Support $1.3515-$1.3510. Below $1.3484 has $1.3458-$1.3401 support next.