Oversold But Recovery Still Lacking.....>

CABLE TECHS: Oversold But Recovery Still Lacking Any Real Urgency

*RES 4: $1.3520 76.4% Fibo of $1.3618-$1.3204

*RES 3: $1.3476/81 1% vol band, 23.6% Fibo of $1.4377-$1.3204

*RES 2: $1.3460 May 10 low, 61.8% of $1.3618-$1.3204

*RES 1: $1.3411/22 50% of $1.3618-$1.3204, May 24 high

*PRICE: $1.3389 @0944GMT

*SUP 1: $1.3346 Intraday low

*SUP 2: $1.3305 Hourly base Jun 1

*SUP 3: $1.3283 Hourly low Jun 1

*SUP 4: $1.3254 Jun 1 low

*COMMENTARY* Didn't lose as much ground as others last week, holding on to

$1.3204 support. The subsequent recovery has been relatively slow however,

taking a while to deal with $1.3299-$1.3305 resistance. Has since moved through

here but now needs to show some relish above $1.3370, which would open up

$1.3411-$1.3470 potential. Meanwhile, $1.3346-$1.3305 provides support, with any

loss putting pressure back on $1.3283 and then Friday's $1.3254 low.