Further Correction Risk While $1.4201...>

CABLE TECHS: Further Correction Risk While $1.4201 Continues To Cap

*RES 4: $1.4279 Feb 1, Feb 2 highs

*RES 3: $1.4245 Mar 26, Mar 27 highs

*RES 2: $1.4201 Intraday high

*RES 1: $1.4185 Hourly resistance

*PRICE: $1.4150 @0748GMT

*SUP 1: $1.4095 Hourly support

*SUP 2: $1.4066 Mar 27 low

*SUP 3: $1.4022 Equality fall from $1.4201 to $1.4245-$1.4066

*SUP 4: $1.3979/83 50% Fibo of $1.3712-$1.4245, Mar 20 low

*COMMENTARY* Had faltered at the $1.4245 level over the last couple of days,

while endeavouring to make headway into the early Feb highs at $1.4279. This

ahead of the year's previous $1.4346 peak. The subsequent break below

$1.4170-$1.4120 support saw a loss of recent upside momentum, a low of $1.4066

so far, before some near term oversold conditions allowed a return to $1.4201.

While capped here, the risk is for a fresh fall, $1.4022-$1.3983 below $1.4066.