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

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: $1.3419 @1535GMT

*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.