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Consolidation Buoyed While..............>

CABLE TECHS
CABLE TECHS: Consolidation Buoyed While $1.3095-$1.3085 Support Holds
*RES 4: $1.3288 1.618 swing of $1.3214-$1.3095
*RES 3: $1.3252 76.4% Fibo of $1.3315-$1.3050
*RES 2: $1.3214/21 61.8% Fibo of $1.3315-$1.3050, Jun 25 low
*RES 1: $1.3175/85 Hourly resistance
*PRICE: $1.3177 @0807GMT
*SUP 1: $1.3115 Intraday low
*SUP 2: $1.3085/95 Hourly support, Jul 2 low
*SUP 3: $1.3050/58 Jun 28 low, 1% volatility band
*SUP 4: $1.3027 Oct 6 low, 7 week bear channel base
*COMMENTARY* A low of $1.3095 on Monday, which holding above $1.3085, kept near
term momentum with the topside. Now looking to $1.3185 resistance for next
clues, as above required before the chance of extending gains into
$1.3214-$1.3221. Through which would give the green light to a higher
$1.3252-$1.3288 rise. All below the key $1.3315-$1.3355 area. Support from
$1.3115, loss would caution and divert attention back between$1.3085-$1.3027.

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