Challenges Recent Range Top And Upper...>

CABLE TECHS: Challenges Recent Range Top And Upper 1% Volatility Band

*RES 4: $1.3510 76.4% Fibo of $1.3659-$1.3027

*RES 3: $1.3472 2% volatility band

*RES 2: $1.3418 61.8% Fibo of $1.3659-$1.3027

*RES 1: $1.3338/43 Oct 13 high, 50% Fibo of $1.3659-$1.3027

*PRICE: $1.3304 @1008GMT

*SUP 1: $1.3260/70 Hourly support

*SUP 2: $1.3240/45 Hourly congestion area Nov 20-22

*SUP 3: $1.3213 Nov 22 low

*SUP 4: $1.3170 Nov 17 low

*COMMENTARY* Recovery has challenged the top of the recent range and next

$1.3338-$1.3343 resistance area. This region also currently includes the upper

1% volatility band. Correcting some near term overbought conditions with initial

support seen from between $1.3270-$1.3260 and then the congested $1.3245-$1.3240

area. Only below the latter would concern at present and suggest another dip

back into the range. Sustained break above $1.3343 would target $1.3418 next.