Heads Toward 2018 Bull Channel Base.....>

CABLE TECHS: Heads Toward 2018 Bull Channel Base And March Low

*RES 4: $1.4000 Apr 26 high

*RES 3: $1.3935 Intraday high

*RES 2: $1.3895 Apr 26 low, now resistance

*RES 1: $1.3840/45 Hourly resistance 

*PRICE: $1.3772 @1414GMT

*SUP 1: $1.3747 Intraday low

*SUP 2: $1.3734 2018 bull channel base projection

*SUP 3: $1.3712 Mar 1 low

*SUP 4: $1.3688 Weekly rising support line from Mar 2017

*COMMENTARY* Failure again to move through $1.3997-$1.4007 on Thursday left the

downside vulnerable. The subsequent loss of $1.3918-$1.3890 was a concern. This

has been followed today by a break of $1.3830 and then the Mar 8 low at $1.3782.

The 2% volatility band at $1.3768 has also been squeezed. Always nervous when

below here, as rare and never long lasting. Resistance falls to $1.3845-$1.3895,

with the day's $1.3935 high the key level above.