Rally Continues With $1.3080 As Next....>

CABLE TECHS: Rally Continues With $1.3080 As Next Potential Target

*RES 4: $1.3200 2% volatility band

*RES 3: $1.3184 1.618 proj'n from $1.2852 to $1.2774-$1.2979

*RES 2: $1.3152 76.4% Fibo of $1.3269-$1.2774

*RES 1: $1.3080 61.8% Fibo of $1.3269-$1.2774, 1% vol band

*PRICE: $1.3077 @1540GMT

*SUP 1: $1.3035 Hourly support

*SUP 2: $1.2996 Sep 1 high, now support

*SUP 3: $1.2950 Congestion area Sep 1-Sep 4

*SUP 4: $1.2906/09 Sep 1, Sep 5 lows

*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

towards $1.3080 next, as we continue the recovery of last month's

$1.3269-$1.2774 drop. Support now from $1.3035 and then Friday's 1.2996 high.

Directly through $1.3080 and look to a continued $1.3152-$1.3184 rise.