Below $1.3840 Initially Targets.........>

CABLE TECHS: Below $1.3840 Initially Targets $1.3710

*RES 4: $1.4150 Low Feb 1 now resistance 

*RES 3: $1.4069 High Feb 26 

*RES 2: $1.3997 High Feb 27 

*RES 1: $1.3951 Hourly support Mar 16 now resistance

*PRICE: $1.3969 @ 0530GMT

*SUP 1: $1.3889 55-DMA 

*SUP 2: $1.3840 Low Mar 12 

*SUP 3: $1.3781 Low Mar 8 

*SUP 4: $1.3754 Low Mar 2

*COMMENTARY: The lack of topside follow through on the break of $1.3940 sees

pressure back on the 55-DMA. Bears look for a close below $1.3840 to confirm a

break of the 55-DMA and initially target $1.3710 with overall focus shifting to

$1.3585-1.3632 where the 100-DMA is located. Bulls now need a close above

$1.3997 to reconfirm focus on $1.4150. Narrowing Bollinger bands increase the

risk of a break out this week.