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Pace Of Decline Slows Above.............>

CABLE TECHS
CABLE TECHS: Pace Of Decline Slows Above $1.3550-$1.3541 Support
*RES 4: $1.3773 May 1 high
*RES 3: $1.3713 Apr 30 low, now resistance
*RES 2: $1.3667 May 2 high
*RES 1: $1.3630/40 Hourly resistance
*PRICE: $1.3595 @0838GMT
*SUP 1: $1.3550/55 Dec 1 high, May 2 low
*SUP 2: $1.3541/43 Equality fall from $1.4000, 61.8% Fibo
*SUP 3: $1.3534 2% volatility band
*SUP 4: $1.3458 Jan 11 low
*COMMENTARY* Lost a bit more ground on Wednesday, pulling up just above the Dec
1 high at $1.3550 and the dual support from the slightly lower $1.3543-$1.3541
area. The slowed pace of the decline has allowed a move back within the lower 2%
volatility band, at $1.3534 by time today. Resistance is initially from
$1.3630-$1.3640 but any recovery hopes will benefit further by a move back above
Wednesday's $1.3667 high, $1.3713-$1.3773 then possible.   

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