Rally Again Comes A Cropper Around......>

CABLE TECHS: Rally Again Comes A Cropper Around $1.3585 Resistance

*RES 4: $1.3717 3 month bull channel top projection

*RES 3: $1.3655/59 1% volatility band, Sep 20 high

*RES 2: $1.3613 Jan 3 high

*RES 1: $1.3585/86 Hourly resistance, Jan 8 high

*PRICE: $1.3530 @1000GMT

*SUP 1: $1.3515 Hourly support

*SUP 2: $1.3494/95 Jan 3 low, hourly base Dec 29

*SUP 3: $1.3457/67 Dec 28, Dec 14 highs, now support

*SUP 4: $1.3419/21 Dec 18, Dec 20 highs, now support

*COMMENTARY* Support found around $1.3495 last week, $1.3515 this, so far

keeping the focus away from the Dec 14 high at $1.3467, above which any setback

should really hold now, if near term upside momentum is to be retained. In this

respect, attention now switches back to $1.3585 initially, the upper 1%

volatility band, which could well feature higher, now rises to $1.3655, above

last Wednesday's $1.3613 high, where it joins last year's $1.3659 peak.