Once Again The $1.2917-$1.2939 Area.....>

CABLE TECHS: Once Again The $1.2917-$1.2939 Area Becomes Resistance

*RES 4: $1.3022 50% of $1.3269-$1.2774, Aug 14 high

*RES 3: $1.2963/70 38.2% of $1.3269-$1.2774, Aug 15 high

*RES 2: $1.2939 Aug 11 low, now resistance

*RES 1: $1.2917/21 Aug 21, Aug 18, Aug 25 highs

*PRICE: $1.2901 @0905GMT

*SUP 1: $1.2865/75 Hourly support

*SUP 2: $1.2837 Aug 24 high, now support

*SUP 3: $1.2794 Aug 25 low

*SUP 4: $1.2764/74 38.2% of $1.1947-$1.3269, Aug 23 low

*COMMENTARY* Found a base from just above dual Fibo support between

$1.2764-$1.2749. Friday's bounce has once again encountered resistance in the

$1.2917-$1.2921 region. This area also the base of the previously broken 5 month

bull channel. Will likely need the further stimulation of a break above here and

the Aug 11 low at $1.2939, before belief in a higher correction of losses from

the month's $1.3269 high will surface. Nearest support $1.2875-$1.2837.