Briefly Breaks Above 4 Year Falling.....>

CABLE TECHS: Briefly Breaks Above 4 Year Falling Resistance Line 

*RES 4: $1.3653/59 2% volatility band, Sep 20 high

*RES 3: $1.3622 4 year falling resistance line

*RES 2: $1.3617/19 Sep 15, Sep 18 highs

*RES 1: $1.3576/80 Hourly highs Sep 20

*PRICE: $1.3543 @1508GMT

*SUP 1: $1.3470/75 Hourly support

*SUP 2: $1.3452 Sep 20 low

*SUP 3: $1.3406 Sep 14 high, now support

*SUP 4: $1.3382 Hourly base Sep 14

*COMMENTARY*  Break above the 4 year falling resistance line was met with

immediate selling pressure on the arrival at the 2% volatility band. A deep

pullback since, breaking slightly below the previous support base around

$1.3465, to reach $1.3452 before lifting again. Now back through $1.3515-$1.3530

resistance, above here and $1.3576-$1.3580 comes into play next. Initial support

rises to $1.3470-75. Below $1.3452 and $1.3406 is next support.