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 May 10, May 3 highs

*RES 2: $1.3581 Hourly recovery high May 10

*RES 1: $1.3555/60 Hourly resistance

*PRICE: $1.3531 @0800GMT

*SUP 1: $1.3458/60 Jan 11, May 10 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* Thursday'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.