A $1.3445 Hold Needed To Stave Off A....>

CABLE TECHS: A $1.3445 Hold Needed To Stave Off A Correction

*RES 4: $1.3659 Sep 20 high

*RES 3: $1.3571 1% volatility band

*RES 2: $1.3550 Dec 1 high

*RES 1: $1.3521 Intraday high

*PRICE: $1.3483 @0940GMT

*SUP 1: $1.3445 Hourly support

*SUP 2: $1.3398 Initial recovery high Dec 7, now support

*SUP 3: $1.3365 Hourly basing area Dec 6-Dec 7

*SUP 4: $1.3314/20 1.618 swing $1.3370-$1.3461, Dec 7 low

*COMMENTARY* Continued lower, after the $1.3370-74 area gave way on Wednesday,

it was the turn of $1.3345-$1.3338 on Thursday. Finally found a base at $1.3320,

just above the swing target at $1.3314 and the 76.4% Fibo retrace at $1.3299.

The subsequent recovery has been relatively quick aided by the return above

$1.3461. Now needs to sustain a move back above $1.3505, if a $1.3550-$1.3571

rise is to follow. Support $1.3445, loss would instigate correction.