Fresh Decline Now Sees Support..........>

CABLE TECHS: Fresh Decline Now Sees Support Between $1.3015-$1.3008

*RES 4: $1.3165 Intraday high

*RES 3: $1.3135/40 Congestion area Aug 3-4

*RES 2: $1.3112 Aug 3 low, now resistance

*RES 1: $1.3085/95 Hourly resistance

*PRICE: $1.3035 @1509GMT

*SUP 1: $1.3008/15 Equality fall, 76.4% of $1.2933-$1.3269

*SUP 2: $1.2989 1% volatility band

*SUP 3: $1.2933 Jul 20 low

*SUP 4: $1.2920 76.4% Fibo of $1.2812-$1.3269

*COMMENTARY* A high on Thursday of $1.3269, just above the top of the

anticipated $1.3245-$1.3253 resistance zone. The subsequent fall has gained

speed today, leaving support from $1.3097-$1.3050 in its wake. As a result this

has broken the 7 week rising support line and now leaves $1.3015-$1.3008 as next

target area. This a combination of a 76.4% Fibo retrace and the equality fall

from $1.3165 to previous $1.3269-$1.3112 drop. Resistance from $1.3085-$1.3112.