Pullback Continues, $1.3957-$1.3943.....>

CABLE TECHS: Pullback Continues, $1.3957-$1.3943 Next Area Of Interest

*RES 4: $1.4172 Hourly recovery high Jan 26 

*RES 3: $1.4120/30 Hourly congestion Jan 26-29

*RES 2: $1.4083 Jan 25 low, now resistance

*RES 1: $1.4045/55 Hourly resistance

*PRICE: $1.4002 @0840GMT

*SUP 1: $1.3957 1.618 swing of $1.4083-$1.4287

*SUP 2: $1.3943 Jan 17 high, now support

*SUP 3: $1.3902/16 50% of $1.3458-$1.4346, Jan 23 low

*SUP 4: $1.3861 1.618x $1.4346-$1.4083 from $1.4287

*COMMENTARY* Continues to pullback following the brief break of the upper 2%

volatility band last week. Support from $1.4007 the latest to come under

pressure today, leaving $1.3957-$1.3943 as the next area of note. In the

interim, $1.4045-$1.4083 provides an initial barrier to any recovery, back above

the latter needed before thoughts can turn to some further  correction of losses

from last Thursday's $1.4346 peak.