Rally Approaches Next $1.3334-$1.3343...>

CABLE TECHS: Rally Approaches Next $1.3334-$1.3343 Resistance Area

*RES 4: $1.3456 Sep 28 high

*RES 3: $1.3418 61.8% Fibo of $1.3659-$1.3027

*RES 2: $1.3381 Equality rise from $1.3070 to $1.3027-$1.3338

*RES 1: $1.3338/43 Oct 13 high, 50% Fibo of $1.3659-$1.3027

*PRICE: $1.3299 @0950GMT

*SUP 1: $1.3267 Intraday low

*SUP 2: $1.3215/24 Oct 30 high, initial high Oct 31

*SUP 3: $1.3192 Oct 31 low

*SUP 4: $1.3166 Hourly base Oct 30 

*COMMENTARY* Higher again today, moving through the previous Oct 26 high at

$1.3280. Now looking towards the $1.3338-$1.3343 area for next resistance, a

combination of the Oct 13 high and a 50% Fibo retrace level. The upper 1%

volatility band is also at $1.3334 today. As a result, support also on the rise,

the day's $1.3267 low now protecting the more important $1.3224-$1.3215 area.

Above $1.3343 and look to the equality rise target at $1.3381 next.