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$1.3943 Break Needed To Renew Upside....>

CABLE TECHS
CABLE TECHS: $1.3943 Break Needed To Renew Upside Enthusiasm
*RES 4: $1.4050 1.618 swing of $1.3659-$1.3027
*RES 3: $1.4025 13 month bull channel top projection
*RES 2: $1.3987 2% volatility band
*RES 1: $1.3943 Jan 18 high
*PRICE: $1.3929 @0924GMT
*SUP 1: $1.3835/55 Hourly support
*SUP 2: $1.3804 Jan 18 low
*SUP 3: $1.3757 Jan 17 low
*SUP 4: $1.3693 Hourly high Jan 12, now support
*COMMENTARY* Rally reached a high of $1.3943 on Wednesday, testing the upper 2%
volatility band, before retreating quickly. Settled so far at $1.3804, this and
$1.3757 remain important support and key to retaining recent upside momentum.
Meanwhile, earlier support on the day comes from $1.3855-$1.3835. Above $1.3943
and the 2% band has risen to $1.3987, ahead of bull channel and swing targets in
the higher $1.4025-$1.4050 region.

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