$1.3855 Now Protects Against A..........>

CABLE TECHS: $1.3855 Now Protects Against A $1.3810-$1.3800 Fall

*RES 4: $1.4050 Feb 19 high

*RES 3: $1.4009 Feb 21 high

*RES 2: $1.3959/75 Feb 19 low, hourly high Feb 19

*RES 1: $1.3931/35 Feb 19 low, hourly resistance

*PRICE: $1.3880 @0955GMT

*SUP 1: $1.3870/76 Hourly support, Feb 12 high

*SUP 2: $1.3855 76.4% Fibo of $1.3765-$1.4145

*SUP 3: $1.3800/10 Feb 14 low, 1% volatility band

*SUP 4: $1.3765 Feb 9 low

*COMMENTARY* Still falling, most latterly losing support from $1.3920-$1.3902.

The next marker of note is the 76.4% Fibo retrace level at $1.3855. This the

current protection to the lower 1% volatility band at $1.3810 and the Feb 14 low

at $1.3800. Consequently, nearest resistance falls to $1.3931-$1.3935 but the

higher $1.3959-$1.3975 area looks a tougher prospect at present. Will need to

post gains back through here before any topside confidence will appear.