$1.4082-$1.4091 Resistance As...........>

CABLE TECHS: $1.4082-$1.4091 Resistance As Correction Arrives

*RES 4: $1.4226 76.4% Fibo of $1.4346-$1.3836

*RES 3: $1.4219 1% volatility band

*RES 2: $1.4151 Feb 5 high, 61.8% Fibo of $1.4346-$1.3836

*RES 1: $1.4082/91 Feb 2 low, 50% Fibo of $1.4346-$1.3836

*PRICE: $1.4046 @1440GMT

*SUP 1: $1.3980 Hourly support

*SUP 2: $1.3918 Initial intraday recovery high, now support

*SUP 3: $1.3890 Congestion area Feb 7-8

*SUP 4: $1.3836 Feb 6 low

*COMMENTARY* Found support on Tuesday from $1.3836, a test to the lower 2%

volatility band, at the time. The subsequent recovery initially faltered around

$1.3994-$1.4000 but with today's move back above the higher $1.4032 region, the

belief in a topside correction has arrived. Likely aimed at $1.4082-$1.4091

next, which region at $1.4086, also includes the swing target of the recent

$1.3994-$1.3845 fall. Support from above $1.3980 provides near term protection.