Lower Again, Look To $1.3060-$1.3030....>

CABLE TECHS: Lower Again, Look To $1.3060-$1.3030 For Next Support

*RES 4: $1.3222 Oct 3 low, now resistance

*RES 3: $1.3205 Hourly recovery high Oct 5

*RES 2: $1.3174/75 Hourly low/high Oct 5

*RES 1: $1.3115/25 Hourly resistance

*PRICE: $1.3075 @0907GMT

*SUP 1: $1.3060 Hourly support, intraday low

*SUP 2: $1.3030/40 Jun 30 high, 2% volatility band

*SUP 3: $1.2979/83 Aug 29 high, 76.4% Fibo of $1.2774-$1.3659

*SUP 4: $1.2909/13 Sep 5, Sep 4 lows

*COMMENTARY*  Lost ground on Thursday, leaving the 61.8% Fibo retrace level at

$1.3112 behind. Now testing hourly support at $1.3060 but looks to have become

oversold in the near term. As a result, look towards $1.3115-$1.3125 for initial

clues, as back above here the minimum needed before a better $1.3174-$1.3205

recovery can occur. Below $1.3060 and anticipate the $1.3040-$1.3030 area to

provide next support ahead of the 76.4% Fibo retrace level at $1.2983.