Dual Support From $1.3966 Comes Into....>

CABLE TECHS: Dual Support From $1.3966 Comes Into View

*RES 4: $1.4173 Apr 18 low, now resistance

*RES 3: $1.4145 Apr 12 low, now resistance

*RES 2: $1.4075/88 Hourly resistance, 9 week channel base

*RES 1: $1.4037 Lower 1% volatility band

*PRICE: $1.4006 @0831GMT

*SUP 1: $1.3966 Apr 5 low, 61.8% Fibo of $1.3712-$1.4377

*SUP 2: $1.3930 Mar 6 high, now support

*SUP 3: $1.3890/94 Mar 16 low, 2% volatility band

*SUP 4: $1.3869 76.4% Fibo of $1.3712-$1.4377

*COMMENTARY* Successive daily falls since peaking at $1.4377 last week have seen

support from the 9 week bull channel and the lower 1% volatility band eroded,

these at $1.4088 and $1.4037 by time today. Downside risk will continue while

rallies are held below here. Next support of note comes from the Apr 5 low at

$1.3966, also a 61.8% Fibo retrace level. Any lower and minor $1.3930 protects

against a $1.3894-$1.3890 fall.