Decline Continues Towards The Lower.....>

CABLE TECHS: Decline Continues Towards The Lower 1% Volatility Band

*RES 4: $1.3200 Hourly recovery high Oct 26

*RES 3: $1.3179 Hourly base Oct 26, now resistance

*RES 2: $1.3140 Intraday high

*RES 1: $1.3115/25 Hourly resistance

*PRICE: $1.3085 @0920GMT

*SUP 1: $1.3050 1% volatility band

*SUP 2: $1.3027 Oct 6 low

*SUP 3: $1.2979/83 Aug 29 high, 76.4% of $1.2774-$1.3659

*SUP 4: $1.2970 1.618 swing of $1.3088-$1.3280

*COMMENTARY* The decline continues again today, most latterly below $1.3110 and

also briefly the Oct 20 low at $1.3088. Below here and there is not much

currently evident until the lower 1% volatility band at $1.3050 and the

outstanding low from Oct 6 at $1.3027. Is however rapidly becoming oversold in

the near term, will need back above $1.3115-$1.3125 before any real interest in

a corrective rally will appear, $1.3140-$1.3179 then the resistance higher.