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Has Congested Support From Between......>

CABLE TECHS
CABLE TECHS: Has Congested Support From Between $1.3734-$1.3702
*RES 4: $1.3895 Apr 26 low, now resistance
*RES 3: $1.3855/65 hourly basing area Apr 27, now resistance
*RES 2: $1.3808 Hourly recovery high Apr 27
*RES 1: $1.3793 Intraday high
*PRICE: $1.3724 @1117GMT
*SUP 1: $1.3712/15 Mar 1 low, weekly support line Mar 2017
*SUP 2: $1.3702 2% volatility band
*SUP 3: $1.3675 76.4% Fibo of $1.3458-$1.4377
*SUP 4: $1.3659 Sep 20 high, now support
*COMMENTARY* Friday's $1.3747 low surpassed, as we move toward congested support
from between the 2018 bull channel base at $1.3734 and the Mar 1 low at $1.3712.
Slightly below here resides the lower 2% volatility band, at $1.3702 by time
today and the protection against a further $1.3675-$1.3659 slip. Resistance
initially from $1.3793-$1.3808, above would allow $1.3865-$1.3895 next but back
above Friday's $1.3935 high is currently needed to generate any real momentum.

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