Continued Fall Has $1.3576-$1.3541 As...>

CABLE TECHS: Continued Fall Has $1.3576-$1.3541 As Next Support Area

*RES 4: $1.3787/93 Hourly recovery high Apr 30, Apr 30 high

*RES 3: $1.3740 Hourly high Apr 30

*RES 2: $1.3713 Apr 30 low, now resistance

*RES 1: $1.3645/65 Hourly resistance

*PRICE: $1.3643 @0835GMT

*SUP 1: $1.3576 50% Fibo of $1.2774-$1.4377

*SUP 2: $1.3550 Dec 1 high, now support

*SUP 3: $1.3541/43 Equality fall from $1.4000, 61.8% Fibo

*SUP 4: $1.3458 Jan 11 low

*COMMENTARY* Found support from $1.3581, just above the 50% Fibo retrace level

at $1.3576, before finally relenting to some near term oversold conditions. This

briefly saw a break below the lower 2% volatility band, at $1.3589 by time

today. That said, will need to see a recovery through $1.3645-$1.3665, before

any near term belief will appear and allow a look at $1.3713-$1.3740. Below

$1.3576 and $1.3550-$1.3541 provides next support and protection to $1.3458.