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CABLE TECHS: Rally Backs Away From 4 year Falling Resistance Line
*RES 4: $1.3635 Equality rise from $1.3382 to $1.3153-$1.3406
*RES 3: $1.3619/22 Sep 18 high, 4 year falling res line
*RES 2: $1.3585 Hourly congestion area Sep 15-18
*RES 1: $1.3552 Intraday high
*PRICE: $1.3493 @0910GMT
*SUP 1: $1.3470 Hourly high Sep 15, now support
*SUP 2: $1.3437 Hourly base Sep 15
*SUP 3: $1.3382 Hourly base Sep 14
*SUP 4: $1.3329 Sep 13 high, now support
*COMMENTARY* A high $1.3619 so far, just below the 4 year falling resistance
line at $1.3622. Has subsequently been correcting some near term overbought
conditions and support from $1.3470 is under pressure at the time of writing.
Any lower and $1.3437 then becomes the protection against a return to $1.3382
and potentially lower, as we correct recent gains from last Thursday's $1.3153
base. Meanwhile, $1.3552-$1.3585 provides resistance.