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CABLE TECHS: Eyeing $1.3070 Support After Recovery Stalls Again At $1.3180
*RES 4: $1.3240 Nov 1 low, now resistance
*RES 3: $1.3214 61.8% Fibo of $1.3322-$1.3039
*RES 2: $1.3180 50% Fibo of $1.3322-$1.3039
*RES 1: $1.3145/55 Hourly resistance
*PRICE: $1.3095 @1615GMT
*SUP 1: $1.3086 Intraday low
*SUP 2: $1.3070 Congestion area Nov 3-Nov 6
*SUP 3: $1.3039 Nov 3 low
*SUP 4: $1.2983 76.4% Fibo of $1.2774-$1.3659
*COMMENTARY* The upside has now encountered resistance from just below the 50%
Fibo retrace level at $1.3180, on a couple of occasions this week. Following
this, the $1.3115-$1.3109 region has since failed to provide initial support,
thus suggesting scope for a slip back towards $1.3070. A hold of the latter is
important to any further recovery plans. Resistance falls to $1.3145-$1.3155 but
above that elusive 1.3180 is needed before any correction can continue. 

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