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Held By 2% Volatility Band As Pace Of...>

CABLE TECHS
CABLE TECHS: Held By 2% Volatility Band As Pace Of Decline Slows 
*RES 4: $1.3713 Apr 30 low, now resistance
*RES 3: $1.3667 May 2 high
*RES 2: $1.3630 May 3 high
*RES 1: $1.3587 May 4 high
*PRICE: $1.3568 @1605GMT
*SUP 1: $1.3510/15 Hourly support
*SUP 2: $1.3487 May 4 low
*SUP 3: $1.3439/58 2% volatility band, Jan 11 low
*SUP 4: $1.3386 76.4% Fibo of $1.3027-$1.4377
*COMMENTARY* Lost further ground on Friday, dipping below dual support from the
$1.3541 area. The recently slowed pace of the decline has however allowed a move
back within the lower 2% volatility band and this held the fall on Friday at
$1.3487. This has moved lower by time today and becomes part of the next band of
support between $1.3458-$1.3439. Resistance between $1.3565-$1.3587 but any
recovery hopes will only benefit by a move back above Thursday's $1.3630 high.
Foreign Exchange Technical AnalysisMarketsForeign Exchange Bullets
Foreign Exchange Technical AnalysisMarketsForeign Exchange Bullets

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