Bounces After Test Towards Lower 1%.....>

CABLE TECHS: Bounces After Test Towards Lower 1% Volatility Band

*RES 4: $1.3338/43 Oct 13 high, 50% Fibo of $1.3659-$1.3027

*RES 3: $1.3287 Oct 17 high

*RES 2: $1.3240/45 Congestion area Oct 16-17

*RES 1: $1.3229 Oct 19 high

*PRICE: $1.3175 @0858GMT

*SUP 1: $1.3140 Hourly support

*SUP 2: $1.3120 Hourly base Oct 20

*SUP 3: $1.3085/88 1% volatility band, Oct 20 low

*SUP 4: $1.3027/30 Oct 6 low, Jun 30 high

*COMMENTARY* Friday's dip to $1.3088 took us slightly below the 76.4% Fibo

retrace level at $1.3100 but was halted just above the lower 1% volatility band,

at $1.3085 by time today. This protects the downside from another tilt at the

$1.3030-$1.3027 area, which in turn protects the key $1.2983-$1.2979 region. The

subsequent bounce now has $1.3229 resistance ahead of the congested $1.3240-45

area. This then barring the way to a return to last Tuesday's $1.3287 high.