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CABLE TECHS: Correction Underway Of Losses From Month's $1.3269 high
*RES 4: $1.3132 2% volatility band
*RES 3: $1.3080 61.8% Fibo of $1.3269-$1.2774
*RES 2: $1.3022 50% of $1.3269-$1.2774, Aug 14 high
*RES 1: $1.2994 1% volatility band
*PRICE: $1.2965 @0924GMT
*SUP 1: $1.2920 Hourly support
*SUP 2: $1.2900 Initial rally high Aug 28, now support
*SUP 3: $1.2874 Aug 28 low
*SUP 4: $1.2820/25 Hourly congestion Aug 22-24
*COMMENTARY* Found a base from just above dual Fibo support between
$1.2764-$1.2749. The subsequent bounce has now broken through the previously
troublesome $1.2917-$1.2939 area and also back above the base of the broken 5
month bull channel. This now confirms a correction underway of losses sustained
since the month's $1.3269 high. Look to $1.2994-$1.3022 next as we wend our way
higher. Nearest support $1.2920-$1.2900 but $1.2874 more important below.