Rally Heads Toward Next.................>

CABLE TECHS: Rally Heads Toward Next $1.4279-$1.4309 Targets

*RES 4: $1.4330 2% volatility band

*RES 3: $1.4309 1.618 swing of $1.4220-$1.4076

*RES 2: $1.4279 Feb 1, Feb 2 highs

*RES 1: $1.4245 Intraday high

*PRICE: $1.4237 @1655GMT

*SUP 1: $1.4170/80 Hourly support

*SUP 2: $1.4127/30 Hourly low/high Mar 23 

*SUP 3: $1.4076 Hourly highs/lows Mar 19-21

*SUP 4: $1.4040 Hourly congestion Mar 19-20

*COMMENTARY* Has recovered well from last Tuesday's drop to $1.3983. Thursday's

rally surpassed the 3 week bull channel top and also the next level of note, the

76.4% Fibo retrace level both at $1.4195. A high on the day so far of $1.4245,

through last week's $1.4220 high, as we head for the next upside targets, the

early Feb highs at $1.4279 and then the swing target at $1.4309. As a result,

support moves up to $1.4180-$1.4170 with $1.4130-$1.4127 below.