Bounces From Above Key..................>

CABLE TECHS: Bounces From Above Key $1.3763-$1.3756 Support Area

*RES 4: $1.3940/54 6 week res line, 38.2% Fibo retrace

*RES 3: $1.3928/30 Feb 26 low, Mar 6 high

*RES 2: $1.3910/13 Mar 8, Mar 7 highs

*RES 1: $1.3895 Hourly congestion area Mar 6-Mar 8

*PRICE: $1.3878 @0905GMT

*SUP 1: $1.3815/25 Hourly support

*SUP 2: $1.3782 Mar 8 low

*SUP 3: $1.3756/63 Mar 2 low, 76.4% Fibo of $1.3712-$1.3930

*SUP 4: $1.3703/07 1% volatility band, Mar 1 low

*COMMENTARY* $1.3928-$1.3930 resistance capped last week and subsequently bowed

to some pressure from overbought hourly conditions. This saw $1.3847-$1.3817

support give way, although the fall has remained above $1.3763-$1.3756. Loss of

the latter would concern and suggest scope for a deeper correction. Meanwhile,

back above $1.3895 would help, although the congested $1.3910-$1.3954 area, then

stands in the way of a higher $1.4021-$1.4029 rise.