Focus Switches To $1.3494-$1.3467.......>

CABLE TECHS: Focus Switches To $1.3494-$1.3467 Support

*RES 4: $1.3717 3 month bull channel top projection

*RES 3: $1.3635/59 1% volatility band, Sep 20 high

*RES 2: $1.3613 Jan 3 high

*RES 1: $1.3585/86 Hourly resistance, intraday high

*PRICE: $1.3532 @1010GMT

*SUP 1: $1.3515 Hourly support

*SUP 2: $1.3494/95 Jan 3 low, hourly base Dec 29

*SUP 3: $1.3457/67 Dec 28, Dec 14 highs, now support

*SUP 4: $1.3419/21 Dec 18, Dec 20 highs, now support

*COMMENTARY* Support found around $1.3495 last week, so far keeping the focus

away from the Dec 14 high at $1.3467, above which any setback should really hold

now, if near term upside momentum is to be retained. In this respect, attention

now switches back to $1.3585 initially, the upper 1% volatility band, which

could well feature higher, now rises to $1.3635, just above last Wednesday's

$1.3613 high. This then the bar to a return to last year's $1.3659 peak.