Focus Again on $1.3320-$1.3293 After....>

CABLE TECHS: Focus Again on $1.3320-$1.3293 After Support Line Breaks

*RES 4: $1.3460/70 Pivotal highs/lows early December

*RES 3: $1.3432 Dec 11 high

*RES 2: $1.3405/08 Hourly congestion Dec 8-Dec 11

*RES 1: $1.3381 Intraday high

*PRICE: $1.3332 @1025GMT

*SUP 1: $1.3314/20 1.618 swing $1.3370-$1.3461, Dec 7 low

*SUP 2: $1.3293/98 1% vol band, 76.4% of $1.3221-$1.3549

*SUP 3: $1.3221 Nov 28 low

*SUP 4: $1.3196 1.618 swing of $1.3320-$1.3521

*COMMENTARY* The 4 week rising support line has given way, once again putting

the congested $1.3320-$1.3293 area back in the shop window. Only clearly below

the latter will open up the potential for a deeper $1.3221-$1.3196 fall, as the

disappointment from last week's $1.3550 cap grows. Resistance in the meantime,

comes from the day's $1.3381 high and then the $1.3405-$1.3408 region. Back

above here needed to reignite upside interest.