Decline Sees Move Back Toward Base Of...>

CABLE TECHS: Decline Sees Move Back Toward Base Of Recent Range

*RES 4: $1.3230/40 Nov 10 high, Nov 1 low

*RES 3: $1.3189 Initial low Nov 10, now resistance

*RES 2: $1.3162 Hourly base Nov 10, now resistance

*RES 1: $1.3105/15 Hourly resistance

*PRICE: $1.3074 @1045GMT

*SUP 1: $1.3027/39 Oct 6, Nov 3 lows

*SUP 2: $1.3015 1% volatility band

*SUP 3: $1.2983 76.4% Fibo retrace of $1.2774-$1.3659

*SUP 4: $1.2921 1.618 swing of $1.3039-$1.3230

*COMMENTARY* A high of $1.3230 on Friday, the rally flattering to deceive and

falling back quickly as a result. The subsequent loss of the key $1.3085-$1.3070

area is now a concern. This sees the base of the range at $1.3027 becoming

vulnerable. Resistance falls to $1.3105-15, needing back above the latter to

improve in the near term and allow some further recovery. Below $1.3027, the

lower 1% volatility band protects $1.2983-$1.2921.