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4 Week Rising Support Line Under........>

CABLE TECHS
CABLE TECHS: 4 Week Rising Support Line Under Pressure
*RES 4: $1.3550 Dec 1 high
*RES 3: $1.3521 Dec 8 high
*RES 2: $1.3485 Dec 7 high
*RES 1: $1.3435/40 Hourly resistance
*PRICE: $1.3373 @1030GMT
*SUP 1: $1.3351 4 week rising support line
*SUP 2: $1.3314/20 1.618 swing $1.3370-$1.3461, Dec 7 low
*SUP 3: $1.3298 76.4% of $1.3221-$1.3549, 1% vol band
*SUP 4: $1.3221 Nov 28 low
*COMMENTARY* Finally found a base at $1.3320 last Thursday, just above the swing
target at $1.3314 and the 76.4% Fibo retrace at $1.3298. The subsequent recovery
has not so far been able to sustain a move back above $1.3505, a high of $1.3521
on Friday before slipping back again. Now looking to the 4 week rising support
line at $1.3351 to protect the downside from another assault. Meanwhile,
$1.3435-$1.3485 is resistance.

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