$1.3857 Resistance Remains Key Today....>

CABLE TECHS: $1.3857 Resistance Remains Key Today

*RES 4: $1.4069 High Feb 26 

*RES 3: $1.3997 High Feb 27 

*RES 2: $1.3940 Hourly resistance Feb 27 

*RES 1: $1.3857 Low Feb 22 now resistance

*PRICE: $1.3785 @ 0530GMT

*SUP 1: $1.3754 Hourly support Mar 1 

*SUP 2: $1.3710 Low Mar 1 

*SUP 3: $1.3657 Monthly High Sept 20 now support 

*SUP 4: $1.3613 High Jan 3 now support

*COMMENTARY: The sell-off that followed Tuesday's rejection above the 21-DMA

($1.3930) resulted in fresh 2mth lows Thursday although follow through has been

lacking courtesy of the Bollinger band base ($1.3739). The $1.3857 resistance

remains key with bulls needing a close above to gain breathing room and above

$1.3940 to shift focus back to $1.4150. While $1.3857 caps bears focus on the

$1.3553-1.3612 region.