Focus Once Again On The Upper 1%........>

CABLE TECHS: Focus Once Again On The Upper 1% Volatility Band

*RES 4: $1.3510 76.4% Fibo of $1.3659-$1.3027

*RES 3: $1.3483 1.618 swing of $1.3383-$1.3221

*RES 2: $1.3456 Sep 28 high

*RES 1: $1.3426/31 1% volatility band, intraday high

*PRICE: $1.3420 @1608GMT

*SUP 1: $1.3360/70 Hourly support

*SUP 2: $1.3336 Hourly base Nov 28

*SUP 3: $1.3310 Nov 27 low

*SUP 4: $1.3279 Nov 24 low

*COMMENTARY* Monday's rally was contained at $1.3383, by the 1% volatility band

at the time. The subsequent fall to $1.3221, was swift and almost completely

corrected recent gains from the Nov 21-22 lows at $1.3210-$1.3213. Fresh upside

interest was then aroused and the move back above $1.3345 has swung near term

bias back to higher and indeed that 1% band again, which is at $1.3426 today.

Above and $1.3483-$1.3510 is the next target area. Support $1.3370-$1.3336.