Focus On 2017 Peak As Upside............>

CABLE TECHS: Focus On 2017 Peak As Upside Confidence Grows

*RES 4: $1.3741 3 month bull channel top projection.

*RES 3: $1.3709 1.618 swing of $1.3613-$1.3458

*RES 2: $1.3686 1% volatility band

*RES 1: $1.3645/59 Hourly resistance, Sep 20-2017 high

*PRICE: $1.3617 @0944GMT

*SUP 1: $1.3580/90 Hourly support

*SUP 2: $1.3555/65 Hourly congestion Jan 11-12

*SUP 3: $1.3538 Intraday low

*SUP 4: $1.3498 Initial recovery high Jan 11, now support

*COMMENTARY* Those who were writing cable off yesterday were not giving credit

to the power of $1.3457-$1.3467 support. A low of $1.3458 before rising swiftly

and eventually through that previously troublesome $1.3585 resistance. Having

subsequently broken above the year's prior $1.3613 high then focus will centre

on last year's $1.3659 peak, although there may be some interim resistance from

$1.3645. Support $1.3590-$1.3555 only below the latter will caution.