Giving Back Ground After Failure To.....>

CABLE TECHS: Giving Back Ground After Failure To Break Above $1.4287

*RES 4: $1.4279/87 Feb 1 high, 1% vol band, Jan 26 high

*RES 3: $1.4234 Intraday hourly recovery high

*RES 2: $1.4202 Initial intraday low, now resistance

*RES 1: $1.4170/75 Hourly resistance

*PRICE: $1.4126 @1605GMT

*SUP 1: $1.4094 61.8% Fibo of $1.3980-$1.4279

*SUP 2: $1.4050 76.4% Fibo of $1.3980-$1.4279

*SUP 3: $1.4007 38.2% Fibo of $1.3458-$1.4346

*SUP 4: $1.3980/92 Jan 30 low, 1% volatility band

*COMMENTARY* Thursday saw a challenge into the $1.4260-$1.4287 area, a high of

$1.4279. Needed to sustain a break back above $1.4287 to return near term bias

back to the topside and another assault on $1.4346-$1.4368. As a consequence,

support from $1.4180-$1.4150 has subsequently been lost today. This leaving

$1.4122 vulnerable and potential for a deeper $1.4094-$1.4050 fall. Resistance

$1.4170-$1.4202, ahead of now important $1.4234.