Decline Heads Toward $1.2764-$1.2749....>

CABLE TECHS: Decline Heads Toward $1.2764-$1.2749 Support Zone

*RES 4: $1.2939 Aug 11 low, now resistance

*RES 3: $1.2917/18 Aug 21, Aug 18 highs

*RES 2: $1.2885 Hourly high/low Aug 22

*RES 1: $1.2835/45 Hourly resistance

*PRICE: $1.2805 @0824GMT

*SUP 1: $1.2764/74 38.2% of $1.1947-$1.3269, Aug 23 low

*SUP 2: $1.2749/50 76.4% of $1.2589-$1.3269, 1% vol band

*SUP 3: $1.2702 Equality fall from $1.3032 to $1.3269-$1.2939

*SUP 4: $1.2622 2% volatility band

*COMMENTARY* Now broken clearly below $1.2812 support, loss should allow a

deeper $1.2766-$1.2749 fall next. As a result, nearest resistance falls again to

$1.2835-$1.2885 but still need to recover $1.2918-$1.2939 before the near term

impetus for a better $1.2991-$1.3032 recovery will appear. Lose 1.2749 and the

equality fall target at $1.2702 is the brake to a $1.2622-$1.2608 decline.