Holding Above The 4 Week Rising.........>

CABLE TECHS: Holding Above The 4 Week Rising Support Line

*RES 4: $1.3550 Dec 1 high

*RES 3: $1.3521 Dec 8 high

*RES 2: $1.3485 Dec 7 high

*RES 1: $1.3435/40 Hourly resistance

*PRICE: $1.3405 @0635GMT

*SUP 1: $1.3351/55 4 week rising support line, Dec 8 low

*SUP 2: $1.3314/20 1.618 swing $1.3370-$1.3461, Dec 7 low

*SUP 3: $1.3298 76.4% of $1.3221-$1.3549, 1% vol band

*SUP 4: $1.3221 Nov 28 low

*COMMENTARY* Finally found a base at $1.3320 last Thursday, just above the swing

target at $1.3314 and the 76.4% Fibo retrace at $1.3298. The subsequent recovery

has not so far been able to sustain a move back above $1.3505, a high of $1.3521

on Friday before slipping back again. Now looking to the 4 week rising support

line at $1.3351 to protect the downside from another assault. Meanwhile,

$1.3435-$1.3485 is resistance.