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Positioning For $1.3255-$1.3267.........>

CABLE TECHS
CABLE TECHS: Positioning For $1.3255-$1.3267 Challenge
*RES 4: $1.3338/43 Oct 13 high, 50% Fibo of $1.3659-$1.3027
*RES 3: $1.3322 Nov 1 high
*RES 2: $1.3292 1% volatility band
*RES 1: $1.3267 76.4% of $1.3338-$1.3039
*PRICE: $1.3233 @0530GMT
*SUP 1: $1.3165/75 Hourly support
*SUP 2: $1.3130/35 Nov 15, Nov 16 lows
*SUP 3: $1.3105 Hourly congestion area Nov 13-14
*SUP 4: $1.3062 Nov 13 low
*COMMENTARY* Held support from above $1.3062 on Tuesday, thereby allowing some
recovery from within the recent range. Has subsequently moved through $1.3188,
the 76.4% Fibo retrace of the previous $1.3230-$1.3062 fall and is now readying
to challenge more important resistance between $1.3255-$1.3267. Will need back
above the latter to swing overall bias back to the topside. In the meantime,
support comes from $1.3175-$1.3130, ahead of the congested $1.3105 area.

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