Continued Decline Reaches Next Key......>

CABLE TECHS: Continued Decline Reaches Next Key $1.2842-$1.2849 Area

*RES 4: $1.3032 Aug 11 high

*RES 3: $1.2991 Hourly recovery high Aug 14

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

*RES 1: $1.2915/20 Hourly resistance

*PRICE: $1.2863 @1531GMT

*SUP 1: $1.2842/49 Intraday low, 61.8% of $1.2589-$1.3269

*SUP 2: $1.2812 Jul 12 low

*SUP 3: $1.2749 76.4% Fibo of $1.2589-$1.3269

*SUP 4: $1.2733 2% volatility band

*COMMENTARY* The loss of the key $1.2920-29 support area has been followed by a

drop to $1.2842 today. This is in line with a test to lower 1% volatility band

and also the base of the 5 month bull channel, as well as slightly below the

61.8% Fibo retrace level. So, another key area to navigate, before the way would

become clear for a further $1.2812-$1.2749 fall. Meanwhile, resistance

$1.2915-20 but back above $1.2939 would currently assist more.