$1.4050-$1.4077 The Next Test To This...>

CABLE TECHS: $1.4050-$1.4077 The Next Test To This Rise

*RES 4: $1.4128 1% volatility band

*RES 3: $1.4100 One month falling resistance line

*RES 2: $1.4077 76.4% Fibo of $1.4145-$1.3924

*RES 1: $1.4050/56 Feb 19 high, equality rise from $1.3924

*PRICE: $1.4038 @0830GMT

*SUP 1: $1.3980/90 Hourly support

*SUP 2: $1.3960 Hourly base Feb 23

*SUP 3: $1.3924 Initial low Feb 23

*SUP 4: $1.3905 Feb 23 low

*COMMENTARY* Continues it's recovery from a test to the 76.4% Fibo retrace level

at $1.3855 last Thursday. Had to endure a sharp $1.3905 pullback on Friday but

has since clambered higher, now heading towards the next resistance area of note

between $1.4050-$1.4077. This will be the next test to the power of this rise

and whether we are ready to take on higher $1.4100-$1.4145 resistance. Support

meanwhile, from $1.3980-$1.3960, loss would weaken immediate upside argument.