Fresh Fall Moves Toward 7 Week Bear.....>

CABLE TECHS: Fresh Fall Moves Toward 7 Week Bear Channel Base

*RES 4: $1.3221 Jun 25 low, now resistance

*RES 3: $1.3192 Jun 26 low, now resistance

*RES 2: $1.3152 Hourly high Jun 27

*RES 1: $1.3115/25 Hourly resistance

*PRICE: $1.3088 @1547GMT

*SUP 1: $1.3065/75 Hourly support, 1% volatility band

*SUP 2: $1.3049 7 week bear channel base projection

*SUP 3: $1.3027 Oct 6 low

*SUP 4: $1.2970 1.618 swing of $1.3102-$1.3315

*COMMENTARY* All of the recovery since the month's earlier $1.3102 base has now

been whittled away, as we test the resolve of the lower 1% volatility band

today. Any lower and the 7 week bear channel at $1.3049 and the Oct 6 low at

$1.3027 can slow the fall. Beneath here and the swing target at $1.2970 and the

equality fall target at $1.2944 are next likely support. Resistance

$1.3115-$1.3152 but currently back above $1.3192 needed for any impact.