Eyeing Channel Top As 38.2% Fibo Hold...>

CABLE TECHS: Eyeing Channel Top As 38.2% Fibo Hold Propels Rate Higher

*RES 4: $1.3438/47 1.618 swing $1.3329-$1.3153, Sep 2016 high

*RES 3: $1.3429 50% Fibo of $1.5020-$1.1838

*RES 2: $1.3389 2% volatility band

*RES 1: $1.3360 2017 bull channel top projection

*PRICE: $1.3319 @1144GMT

*SUP 1: $1.3265/70 Hourly support

*SUP 2: $1.3233 Initial intraday high, now support

*SUP 3: $1.3195/00 Hourly consolidation area Sep 13-14

*SUP 4: $1.3147/53 38.2% Fibo $1.2852-$1.3329, intraday low

*COMMENTARY* $1.3190-$1.3160 support came under fire today, a low of $1.3153,

leaving us just above the 38.2% Fibo retrace level at $1.3147, before seeing a

substantial recovery. The previous $1.3329-$1.3153 fall looked 5 wave impulsive,

so the rise to a fresh high is slightly puzzling. However, now looking toward

the 2017 channel top at $1.3360, the 2% vol band at $1.3389 then the bar to

$1.3429-$1.3447. Support $1.3270-$1.3233, loss would caution now.