Key $1.3450 Support Survives Another....>

CABLE TECHS: Key $1.3450 Support Survives Another Test

*RES 4: $1.3659 Sep 20 high

*RES 3: $1.3617/19 Sep 15, Sep 18 highs

*RES 2: $1.3596/01 Sep 22 high, 4 year falling res line

*RES 1: $1.3570/75 Hourly resistance

*PRICE: $1.3532 @0908GMT

*SUP 1: $1.3470/80 Hourly support

*SUP 2: $1.3450/52 Sep 22, Sep 20 lows

*SUP 3: $1.3406 Sep 14 high, now support

*SUP 4: $1.3321/26 38.2% $1.2774-$1.3659, 1% volatility band

*COMMENTARY*  The key near term support above $1.3450 received another test last

Friday. This area seen as protecting against anything more untoward at present

and specifically a deeper correction of gains from the Aug 24 low at $1.2774. In

the interim, rallies are still faced with initial resistance from

$1.3570-$1.3601, the latter the current level of the 4 year falling resistance

line. The $1.3617-19 area however, is still currently viewed as more important.