Pullback Testing Resolve Of $1.3145.....>

CABLE TECHS: Pullback Testing Resolve Of $1.3145 Support 

*RES 4: $1.3315/31 Jun 22 high, 61.8% Fibo of $1.3473-$1.3102

*RES 3: $1.3275 Congestion area Jun 22-26

*RES 2: $1.3221/34 Jun 25 low, intraday high

*RES 1: $1.3192/07 Jun 26 low, hourly resistance

*PRICE: $1.3140 @1537GMT

*SUP 1: $1.3137/45 Intraday, Jun 20 lows

*SUP 2: $1.3096/07 1% vol, Jun 21 low, 50% $1.1838-$1.4377

*SUP 3: $1.3056 7 week bear channel base projection

*SUP 4: $1.3027 Oct 6 low

*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-$1.3180 gone, this leaves $1.3145 as the protection to the month's

earlier $1.3102 low and the lower 1% volatility band at $1.3096. Meanwhile,

resistance $1.3192-$1.3207, with $1.3221-$1.3234 above.