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CABLE TECHS: Rally Continues With $1.3057-$1.3080 Potential Next
*RES 4: $1.3171 2% volatility band
*RES 3: $1.3152 76.4% Fibo of $1.3269-$1.2774
*RES 2: $1.3080 61.8% Fibo of $1.3269-$1.2774
*RES 1: $1.3042/57 1% vol band, equality rise from $1.2852
*PRICE: $1.3031 @1618GMT
*SUP 1: $1.2975/85 Hourly support
*SUP 2: $1.2940 Initial intraday recovery high, now support
*SUP 3: $1.2906/09 Sep 1, intraday lows
*SUP 4: $1.2884 Initial recovery high Aug 31, now support
*COMMENTARY* Support found on Thursday at $1.2852, in line with a 61.8% Fibo
retrace of the previous $1.2774-$1.2979 rise. Friday's move back above firstly
$1.2949 and then $1.2979 is a fresh positive, a high of $1.3033 at the time of
writing but scope to increase gains into $1.3057-$1.3080 next, as we continue
the recovery of last month's $1.3269-$1.2774 drop. Support now from
$1.2985-$1.2940. Loss of the latter would caution now.