Rallies Well After Key $1.3796..........>

CABLE TECHS: Rallies Well After Key $1.3796 Support Holds

*RES 4: $1.4151/58 Feb 5 high, 76.4% of $1.4279-$1.3765

*RES 3: $1.4124 61.8% Fibo of $1.4346-$1.3765

*RES 2: $1.4084 1% volatility band

*RES 1: $1.4056/67 50% Fibo of $1.4346-$1.3765, Feb 8 high

*PRICE: $1.4042 @0905GMT

*SUP 1: $1.3980/90 Hourly support

*SUP 2: $1.3941 Hourly base Feb 14

*SUP 3: $1.3921/25 Initial high Feb 14, Feb 13 high

*SUP 4: $1.3875 Congestion area Feb 12-Feb 14

*COMMENTARY* Key near term support at $1.3796 held a steep pullback on

Wednesday, before launching into an immediate recovery. This now sees resistance

from the $1.4056-$1.4067 area as the next barrier to surmount, ahead of the

upper 1% volatility band at $1.4084. In the interim, support rises to

$1.3990-$1.3980, loss would suggest some near term correction is required,

$1.3941-$1.3921 below. Through $1.4084 and scope to see $1.4124-$1.4158 next.