Rally Approaches 1% Volatility Band.....>

CABLE TECHS: Rally Approaches 1% Volatility Band Ahead Of $1.4245 Return

*RES 4: $1.4325 Extended base of previously broken channel

*RES 3: $1.4279 Feb 1, Feb 2 highs

*RES 2: $1.4245 Mar 26, Mar 27 highs

*RES 1: $1.4224/28 Intraday high, 1% volatility band

*PRICE: $1.4196 @0847GMT

*SUP 1: $1.4165 Hourly support

*SUP 2: $1.4145 Hourly pullback low Apr 10

*SUP 3: $1.4120 Apr 10 low

*SUP 4: $1.4097 Apr 5 high, now support

*COMMENTARY* Today we have seen a move through the remaining 76.4% Fibo retrace

level at $1.4179, as we continue to correct recent $1.4245-$1.3966 losses. As a

result, the rally has now extended toward the next potential barrier, the upper

1% volatility band, at $1.4228 by time today. This the remaining hurdle to a

$1.4245 return. Meanwhile, support continues to rise, $1.4165-$1.4145 initially,

with Tuesday's $1.4120 level of more importance below.