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

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

*RES 4: $1.4279/90 Feb 1 high, Jan 26 high, 1% vol band

*RES 3: $1.4234 Hourly recovery high Feb 2

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

*RES 1: $1.4170/75 Hourly resistance

*PRICE: $1.4145 @0917GMT

*SUP 1: $1.4082 Feb 2 low

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

*SUP 3: $1.4007 38.2% of $1.3458-$1.4346, 1% volatility band 

*SUP 4: $1.3980 Jan 30 low

*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, a

corrective pullback saw support from $1.4150-$1.4122 disappear. This then seeing

the potential for a deeper $1.4094-$1.4050 fall, ahead of now key trend support

at $1.4007-$1.3980. Resistance $1.4170-$1.4202, ahead of now important $1.4234.