$1.3958-$1.3936 Support After $1.4097...>

CABLE TECHS: $1.3958-$1.3936 Support After $1.4097 Rebuffs Rallies Again

*RES 4: $1.4134 Initial low Mar 28, now resistance

*RES 3: $1.4097 Mar 29, Apr 5 high

*RES 2: $1.4066/70 Mar 27 low, Apr 5 hourly highs

*RES 1: $1.4015/30 Apr 4 low, hourly resistance

*PRICE: $1.3994 @0825GMT

*SUP 1: $1.3958/66 1.618 swing of $1.4011-$1.4097, Apr 5 low

*SUP 2: $1.3936 1% volatility band

*SUP 3: $1.3890/16 Mar 16 low, 61.8% Fibo of $1.3712-$1.4245

*SUP 4: $1.3863 Equality fall from $1.4097 to $1.4245-$1.4011

*COMMENTARY* Faltered again Thursday at the $1.4097 resistance level and while

this continues, the risk will once again turn to the downside. Initial support

from $1.4030 and subsequently the $1.4011-$1.3979 area have given way, leaving

the swing target at $1.3958 and the lower 1% volatility band at $1.3936 to

protect against a deeper $1.3916-$1.3863 fall. As a consequence, nearest

resistance situated between $1.4015-$1.4030, back above the latter would assist.