Failure To Recover Above................>

CABLE TECHS: Failure To Recover Above $1.3997-$1.4007 A Near Term Concern

*RES 4: $1.4088 Apr 20 high

*RES 3: $1.4031 Apr 23 high

*RES 2: $1.3997/07 Apr 24 high, hourly resistance

*RES 1: $1.3970/75 Hourly highs Apr 25

*PRICE: $1.3922 @0847GMT

*SUP 1: $1.3890 Mar 16 low

*SUP 2: $1.3869 76.4% $1.3712-$1.4377, swing $1.3918-$1.3997

*SUP 3: $1.3814 2% volatility band

*SUP 4: $1.3782 Mar 8 low

*COMMENTARY* Failure to move higher than $1.3997 still leaves the downside

vulnerable. A loss of Tuesday's $1.3918 base then having the potential to enter

the next region of support, from between the Mar 16 low at $1.3890 and the 76.4%

Fibo retrace level at $1.3869. Any lower and will be looking to the 2%

volatility band at $1.3814 to protect the Mar 8 low at $1.3782. Need back above

that $1.3997 and then $1.4007 to spark any recovery hopes.