$1.3825-$1.3885 Remains Next Upside.....>

CABLE TECHS: $1.3825-$1.3885 Remains Next Upside Target Area

*RES 4: $1.3883/85 38.2% $1.7192-$1.1838,50% $1.5932-$1.1838

*RES 3: $1.3853 2 month bull channel top projection

*RES 2: $1.3836 Feb 2016 low, now resistance

*RES 1: $1.3825 Equality rise from $1.3302 to $1.3017-$1.3550

*PRICE: $1.3786 @0921GMT

*SUP 1: $1.3750/60 Hourly support

*SUP 2: $1.3725/30 Hourly base Jan 12, Jan 15 low

*SUP 3: $1.3677 Hourly low Jan 12

*SUP 4: $1.3659 Sep 20 high, now support

*COMMENTARY* Reached $1.3820 on Monday, just shy of the equality rise target at

$1.3825, before giving up some ground. This is helping to reduce the overbought

state of hourly conditions, with nearest support still located between

$1.3760-$1.3750. Below and the $1.3730-$1.3725 area fends off what could be a

deeper correction of gains seen from last week's $1.3458 base. Above $1.3825 and

main target remains 1.3883-$1.3885, where the 2% volatility band also resides.