Rallies Benign While Capped Below.......>

CABLE TECHS: Rallies Benign While Capped Below $1.3380-$1.3390

*RES 4: $1.3451/60 May 15, May 16, May 10 lows, now res'tce

*RES 3: $1.3422 May 24 high 

*RES 2: $1.3380/90 Hourly resistance

*RES 1: $1.3342 Intraday high

*PRICE: $1.3319 @0812GMT

*SUP 1: $1.3294/95 May 25 low, 1% volatility band

*SUP 2: $1.3264/69 1.618 swing $1.3294-$1.3342, Aug 3 high

*SUP 3: $1.3233 1.618 swing $1.3305-$1.3422

*SUP 4: $1.3221 Nov 28 low

*COMMENTARY* The mid December $1.3305-$1.3302 lows came under increasing

pressure as last week wore on. One final push on Friday saw a move down to

$1.3294, equating to the lower 1% volatility band, before finding some respite.

This will only be temporary while resistance from $1.3380-$1.3390 caps. Will

need the boost of a rally through here, before the chance of a $1.3422-$1.3460

rise. Below $1.3294 and $1.3264-$1.3233 the next calculated targets.