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Heads Toward Top Of Next................>

CABLE TECHS
CABLE TECHS: Heads Toward Top Of Next $1.3386-$1.3346 Support Zone
*RES 4: $1.3570 May 17 high
*RES 3: $1.3528 May 18 high
*RES 2: $1.3490/95 Hourly congestion area May 17-18
*RES 1: $1.3455/65 Hourly resistance
*PRICE: $1.3409 @0838GMT
*SUP 1: $1.3383/86 1% vol band, 61.8% Fibo of $1.2774-$1.4377
*SUP 2: $1.3377 1.618 swing of $1.3451-$1.3570
*SUP 3: $1.3346 76.4% Fibo of $1.3027-$1.4377
*SUP 4: $1.3302/03 Dec 15, Dec 12 lows
*COMMENTARY* After a couple of weeks of waiting we have finally got the test
into the top of the next region of support at $1.3386-$1.3377. This includes the
lower 1% volatility band at $1.3383 by time today. Any lower and the 76.4% Fibo
retrace level at $1.3346 can provide some protection against a $1.3303-$1.3302
return. In the interim, look to $1.3455-$1.3465 and then the congested
$1.3490-$1.3495 area for resistance.

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