Downside Finds Intraday Protection......>

CABLE TECHS: Downside Finds Intraday Protection From $1.3855 Fibo Level

*RES 4: $1.4050 Feb 19 high

*RES 3: $1.4009 Feb 21 high

*RES 2: $1.3975 Hourly high Feb 19

*RES 1: $1.3959 Feb 19 low, now resistance

*PRICE: $1.3940 @1642GMT

*SUP 1: $1.3875/80 Hourly support

*SUP 2: $1.3855 76.4% Fibo of $1.3765-$1.4145

*SUP 3: $1.3800/10 Feb 14 low, 1% volatility band

*SUP 4: $1.3765 Feb 9 low

*COMMENTARY* Fell earlier in the day, most latterly losing support from

$1.3920-$1.3902. The next marker of note is the 76.4% Fibo retrace level at

$1.3855. This the current protection to the lower 1% volatility band at $1.3810

and the Feb 14 low at $1.3800. Oversold near term, consequently, nearest

resistance of note now comes from between the $1.3959-$1.3975 area. Will need to

post gains back through here before any topside confidence will appear.