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CABLE TECHS: Key $1.3457-67 Support Holds And Launches Fresh Recovery
*RES 4: $1.3659 Sep 20. 2017 high
*RES 3: $1.3613 Jan 3 high
*RES 2: $1.3585/86 Jan 9, Jan 8 highs
*RES 1: $1.3562 Jan 10 high
*PRICE: $1.3539 @1535GMT
*SUP 1: $1.3480/90 Hourly support
*SUP 2: $1.3457/67 Dec 28, Dec 14 highs, now support
*SUP 3: $1.3419/21 Dec 18, Dec 20 highs, now support
*SUP 4: $1.3400 1% volatility band
*COMMENTARY* The failure to move back above $1.3585 resistance the catalyst for
today's earlier fall, which by losing previous $1.3482 support, now puts
pressure on the $1.3467-$1.3457 area. Ideally have to hold above here in order
to retain recent upside momentum, garnered since the hold at $1.3302 last month.
In the meantime, following the subsequent rise, 1.3562 and that $1.3585 area
stand in the way of any recovery.