Heads Toward Fibo Retrace Level At......>

CABLE TECHS: Heads Toward Fibo Retrace Level At $1.4368

*RES 4: $1.4515 50% Fibo of $1.7192-$1.1838

*RES 3: $1.4368 61.8% Fibo of $1.5932-$1.1838

*RES 2: $1.4346 Intraday high

*RES 1: $1.4320/25 Hourly resistance

*PRICE: $1.4270 @1703GMT

*SUP 1: $1.4260 Hourly support

*SUP 2: $1.4215/33 Intraday low, hourly base

*SUP 3: $1.4187 Hourly low Jan 24

*SUP 4: $1.4130 Hourly base Jan 24

*COMMENTARY* For the first time in this rise we have overstepped the upper 2%

volatility band, at $1.4223 by time today. Even in extremes this is never a long

lasting scenario, so always cautious when it happens. That said, with a high of

$1.4346 so far, we are close to the next Fibo retrace level at $1.4368. In the

meantime, support from $1.4260-$1.4215 is the protection against the prospect of

a deeper correction.