Rally Continues Correction of Recent....>

CABLE TECHS: Rally Continues Correction of Recent Losses

*RES 4: $1.4245 Mar 26, Mar 27 highs

*RES 3: $1.4215 1% volatility band

*RES 2: $1.4193 1.618 swing of $1.4165-$1.4120

*RES 1: $1.4179 76.4% Fibo of $1.4245-$1.3966

*PRICE: $1.4162 @0902GMT

*SUP 1: $1.4120 Intraday low

*SUP 2: $1.4079 Apr 9 low

*SUP 3: $1.4040/45 Hourly congestion Mar 30-Apr 5

*SUP 4: $1.4011/15 Mar 29, 30, Apr 4 lows

*COMMENTARY* Friday saw a rally back above the previously troublesome $1.4097

level as well as hourly resistance at $1.4105. Monday the $1.4134-$1.4138 area

was also breached, $1.4179 the remaining Fibo retrace level, as we continue to

correct recent $1.4245-$1.3966 losses. As a result, nearest support rises to

$1.4120 but the lower $1.4079 level now provides the downside with stronger

protection. Above $1.4179 and look to $1.4193-$1.4215 next.