Continued Decline Now Has...............>

CABLE TECHS: Continued Decline Now Has $1.2849-$1.2812 As Next Target Area

*RES 4: $1.2991 Hourly recovery high Aug 14

*RES 3: $1.2970 Intraday high

*RES 2: $1.2939 Aug 11 low, now resistance

*RES 1: $1.2895/00 Hourly resistance

*PRICE: $1.2861 @1540GMT

*SUP 1: $1.2846/49 Intraday low, 61.8% of $1.2589-$1.3269

*SUP 2: $1.2812 Jul 12 low

*SUP 3: $1.2765 2% volatility band

*SUP 4: $1.2749 76.4% Fibo of $1.2589-$1.3269

*COMMENTARY* Recovery petered out in the lower end of $1.3029-$1.3059

resistance. The subsequent fall has now fallen below the key $1.2920-29 support

area, also leaving the lower 1% volatility band and the swing target at $1.2882

in its wake today.  This opens the way for a further $1.2849-$1.2812 decline.

Resistance also falls, $1.2895-$1.2900 now the initial barrier, $1.2939 and then

the day's $1.2970 high above.