Fresh Fall Sees Next Support From.......>

CABLE TECHS: Fresh Fall Sees Next Support From $1.2929-$1.2920

*RES 4: $1.3145/50 Hourly congestion Aug 3-4

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

*RES 2: $1.3059 Aug 7 high

*RES 1: $1.3014/24 Hourly resistance, Aug 4 low

*PRICE: $1.2958 @1500GMT

*SUP 1: $1.2929/33 50% of $1.2589-$1.3269, Jul 20 low

*SUP 2: $1.2920 76.4% Fibo of $1.2812-$1.3269

*SUP 3: $1.2860 2% volatility band

*SUP 4: $1.2849 61.8% Fibo of $1.2589-$1.3269

*COMMENTARY* Failure to move higher than $1.3059, let alone the $1.3085-$1.3112

area, has seen downside pressure resume. The loss of the lower 1% volatility

band at $1.2992 has now opened the way for a fall towards $1.2929-$1.2920 next.

This a combination of two Fibo retrace levels, the 50% of the rise from $1.2589

and perhaps slightly more importantly, the 76.4% of the rise from $1.2812.

Resistance falls to $1.3014-24 ahead of Monday's $1.3059 high.