Failure Below $1.3630 Resistance........>

CABLE TECHS: Failure Below $1.3630 Resistance Keeps Downside Bias Intact

*RES 4: $1.3667/76 May 2 high, 23.6% Of $1.4377-$1.3460

*RES 3: $1.3618/30 Intraday, May 3 highs

*RES 2: $1.3581 Intraday hourly recovery high

*RES 1: $1.3555/60 Hourly resistance

*PRICE: $1.3501 @1640GMT

*SUP 1: $1.3458/60 Jan 11, intraday lows

*SUP 2: $1.3401 1.618 swing of $1.3484-$1.3618

*SUP 3: $1.3386 61.8% Fibo of $1.2774-$1.4377

*SUP 4: $1.3346 76.4% Fibo of $1.3027-$1.4377

*COMMENTARY* Today's rally climaxed at $1.3618, shy of the $1.3630 break needed

to overturn recent downside momentum. The subsequent fall has slipped back below

previous $1.3487-$1.3484 lows, to rest just above the Jan 11 low at $1.3458. As

a result, nearest resistance has fallen to $1.3555-$1.3581 and will require a

move back above the latter, to get upside interest going again. Lose $1.3458 and

the swing target at $1.3401 offers next protection to the downside.