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Decline Sees Move Back Toward Base Of...>

CABLE TECHS
CABLE TECHS: Decline Sees Move Back Toward Base Of Recent Range
*RES 4: $1.3284 1% volatility band
*RES 3: $1.3255 76.4% Fibo of $1.3322-$1.3039
*RES 2: $1.3230/40 Nov 10 low, Nov 1 low
*RES 1: $1.3180/85 Hourly resistance
*PRICE: $1.3123 @0620GMT
*SUP 1: $1.3107 Intraday low
*SUP 2: $1.3085/86 Nov 9, Nov 8 lows
*SUP 3: $1.3070 Congestion area Nov 3-Nov 6
*SUP 4: $1.3027/39 Oct 6, Nov 3 lows
*COMMENTARY* A high of $1.3230 on Friday, the rally flattering to deceive and
falling back quickly as a result. A low of $1.3107 on the day so far, leaving us
just above the key $1.3085-$1.3070 area. Lose here and the base of the range at
$1.3027 becomes vulnerable. Resistance falls to $1.3180-85, needing back above
the latter to improve again and look for another challenge to $1.3230-40.

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