Pullback Has $1.3180-$1.3145 Support....>

CABLE TECHS: Pullback Has $1.3180-$1.3145 Support In Mind

*RES 4: $1.3365 1% volatility band

*RES 3: $1.3315/31 Jun 22 high, 61.8% Fibo of $1.3473-$1.3102

*RES 2: $1.3292 Jun 26 high

*RES 1: $1.3240/50 Hourly resistance

*PRICE: $1.3197 @0840GMT

*SUP 1: $1.3180/85 Congestion area Jun 19-20

*SUP 2: $1.3145/51 Jun 20, Jun 19 lows

*SUP 3: $1.3102/07 1% vol, Jun 21 low, 50% $1.1838-$1.4377

*SUP 4: $1.3056 7 week bear channel base projection

*COMMENTARY* A high of $1.3315 has been the zenith of the recovery so far, just

below the 61.8% retrace level at $1.3331, as we reach near term overbought

conditions. The subsequent setback is now chipping away at support, with $1.3207

gone, $1.3185-$1.3180 is the protection to the slightly stronger $1.3151-$1.3145

area. Loss of the latter would put $1.3102 back in trouble. Resistance

$1.3240-$1.3250 and then the familiar $1.3292.