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Rally Faltering Around $1.3910..........>

CABLE TECHS
CABLE TECHS: Rally Faltering Around $1.3910 Resistance
*RES 4: $1.4050 1.618 swing of $1.3659-$1.3027
*RES 3: $1.4021 13 month bull channel top projection
*RES 2: $1.3943/46 Jan 17 high, 2% volatility band
*RES 1: $1.3910/13 Hourly resistance, intraday high
*PRICE: $1.3892 @1700GMT
*SUP 1: $1.3804/20 Intraday low, hourly support
*SUP 2: $1.3742/57 Jan 16, Jan 17 lows
*SUP 3: $1.3693 Hourly high Jan 12, now support
*SUP 4: $1.3659 Sep 20 high, now support
*COMMENTARY* Rally extended through key $1.3883-$1.3885 Fibo resistance on
Wednesday. Reaching a high of $1.3943 and testing the upper 2% volatility band,
before retreating just as quickly. Has settled so far, just above initial
$1.3800 support, this and $1.3757-$1.3742 now become important support and key
to retaining recent upside momentum. Meanwhile, hourly resistance comes from
$1.3910, failure to regain the latter would concern.

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