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$1.3890-$1.3864 Next Real Supports Of...>

CABLE TECHS
CABLE TECHS: $1.3890-$1.3864 Next Real Supports Of Note
*RES 4: $1.4088/98 Apr 20 high, broken 9 week bull channel
*RES 3: $1.4031 Apr 23 high
*RES 2: $1.3993/04 Apr 20 low, lower 1% volatility band
*RES 1: $1.3965/75 Hourly resistance
*PRICE: $1.3929 @0825GMT
*SUP 1: $1.3918 Intraday low
*SUP 2: $1.3890 Mar 16 low
*SUP 3: $1.3864/69 2% vol band, 76.4% Fibo of $1.3712-$1.4377
*SUP 4: $1.3782 Mar 8 low
*COMMENTARY* Successive daily falls since peaking at $1.4377 last week saw
support from the 9 week bull channel and the lower 1% volatility band eroded,
these at $1.4098 and $1.4004 by time today. Downside risk will continue while
rallies are held below here. Today has seen minor $1.3930 support give way, this
the protection against a further $1.3890-$1.3864 fall. Nearest resistance
currently $1.3965-$1.3993, above and look $1.4004-$1.4031 next.

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