$1.3890 Now The Next Resistance To......>

CABLE TECHS: $1.3890 Now The Next Resistance To Consider

*RES 4: $1.4027 1% volatility band

*RES 3: $1.3997 Feb 27 high

*RES 2: $1.3928 Feb 26 low, now resistance

*RES 1: $1.3890 Hourly lows Feb 28, now resistance

*PRICE: $1.3856 @1716GMT

*SUP 1: $1.3815/25 Hourly support

*SUP 2: $1.3790/95 Hourly congestion Mar 2-Mar 5

*SUP 3: $1.3756 Mar 2 low

*SUP 4: $1.3712 Mar 1 low

*COMMENTARY* Has recovered in the near term since last Thursday's dip to

$1.3712. Have today seen further progress through recent 1.3817 highs and the

Feb 22 low at $1.3857. This now leaves $1.3890 in the way of a test to the Feb

26 low at $1.3928. Through the latter needed however, before the rally can

increase in potential toward $1.3997. As a result, support also on the move,

$1.3825-$1.3790, now the protection to the more important Mar 2 low at $1.3756.