Above $1.3940 To Target $1.4150 *RES....>

CABLE TECHS: Above $1.3940 To Target $1.4150

*RES 4: $1.4069 High Feb 26 

*RES 3: $1.3997 High Feb 27 

*RES 2: $1.3940 Hourly resistance Feb 27 

*RES 1: $1.3912 21-DMA

*PRICE: $1.3841 @ 0530GMT

*SUP 1: $1.3822 Hourly support Mar 5 

*SUP 2: $1.3754 Hourly support Mar 1 

*SUP 3: $1.3710 Low Mar 1 

*SUP 4: $1.3657 Monthly High Sept 20 now support

*COMMENTARY: The sell-off that followed Tuesday's rejection above the 21-DMA

($1.3915) resulted in fresh 2mth lows Thursday although follow through has been

lacking courtesy of the Bollinger band base ($1.3739). The recovery sees

pressure back on the 21-DMA with bulls now needing a close above $1.3940 to

confirm a break and shift focus back to $1.4150. Bears now need a close below

$1.3822 to ease pressure on the 21-DMA.