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CABLE TECHS
CABLE TECHS: Rally Continues With $1.3057-$1.3080 Potential Next
*RES 4: $1.3197 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: $1.3057/68 Equality rise from $1.2852, 1% vol band
*PRICE: $1.3046 @0840GMT
*SUP 1: $1.2996 Sep 1 high, now support
*SUP 2: $1.2940/60 Initial recovery high Sep 5, hourly suppt
*SUP 3: $1.2906/09 Sep 1, Sep 5 lows
*SUP 4: $1.2878 Aug 30 low
*COMMENTARY* Support found last 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, with 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 Friday's 1.2996 high ahead of the
$1.2960-$1.2940 area. Loss of the latter would caution now.

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